The Firm is representing Corporate Risk Holdings I, Inc. (“CRH”) in connection with a definitive agreement to merge CRH and its HireRight business with General Information Services (“GIS”). General Atlantic, a leading global growth equity firm, will be the majority owner of the combined entity. The transaction, which is expected to close during the third quarter of calendar year 2018, is subject to regulatory approvals and other customary closing conditions. Financial details of the transaction were not disclosed.
HireRight and GIS are both providers of background screening and talent acquisition services include background checks, drug testing, driving records, employment and education verification, electronic onboarding, and a variety of industry-specific compliance and screening solutions.
The Simpson Thacher team includes Maripat Alpuche, Izzy Lubarsky and Matt Craine (M&A); Jonathan Goldstein and Sarah Katz (Tax); Larry Moss and Patricia Adams (ECEB); Chris Brown (Credit); Lori Lesser (IP); and Peter Guryan, Ellen Frye and Karen Horvitz Hunt (Antitrust). Summer Associate Alexander Liebmann provided valuable assistance.