Simpson Thacher represented the underwriters, led by Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc., in connection with the public offering by Shift4 Payments, Inc. (“Shift4 Payments”) and certain selling stockholders of an aggregate of 10,000,000 shares of Shift4 Payments’ Class A common stock. The offering raised approximately $485 million in aggregate gross proceeds for Shift4 Payments and the selling stockholders and closed on September 15, 2020.
Shift4 Payments is a leading independent provider of integrated payment processing and technology solutions, delivering a complete ecosystem of solutions that extend beyond payments to include a wide range of value-added services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, e-commerce, lodging, gaming and many more. With over 7,000 sales partners, the company securely processed more than 3.5 billion transactions annually for over 200,000 businesses in 2019.
The Simpson Thacher team for this transaction included Richard Fenyes, Ben Heriaud and Jason Kitchen (Capital Markets); Andrew Purcell and Jasmine Hay (Tax); Tristan Brown (Executive Compensation and Employee Benefits); Andrew Pagliughi (FINRA & Blue Sky); Mike Isby (Environmental); Adam Cohen and Spencer Sloan (Financial Institutions); and Melanie Jolson (IP).