Simpson Thacher recently represented First Data Corporation (“First Data”) and New Omaha Holdings L.P., an affiliate of Kohlberg Kravis Roberts & Co. L.P. (the “Selling Stockholder”), in connection with a secondary offering of 73,600,000 shares of Class A common stock of First Data by the Selling Stockholder for proceeds of approximately $1.75 billion. The Selling Stockholder received all proceeds from the offering.
First Data is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and over 4,000 financial institutions in more than 100 countries around the world. First Data has 24,000 owner-associates and processes more than 3,000 transactions per second and $2.4 trillion in transaction volume per year.
The Simpson Thacher team included Richard Fenyes, Tony Rim and Davis Mahon (Capital Markets); Michael Holick (M&A); Marcy Geller, Jonathan Cantor, Jodi Schneider and Sarah Julian Duffy (Tax); David Rubinsky and Patricia Adams (Executive Compensation and Employee Benefits); Marcela Robledo (Intellectual Property); and Jennie Getsin (FINRA).