Simpson Thacher represented affiliates managed by Corsair Capital in connection with the acquisition of a majority stake in IDIQ®, a tech-enabled leader in credit report and identity theft monitoring. The transaction closed on December 15, 2020.
IDIQ provides credit reporting, identity theft and dark web monitoring, identity restoration and related family protection services in the rapidly evolving $20 billion consumer identity monitoring market. Through its industry-leading IdentityIQ®, MyScoreIQ® and DataBreachIQ® brands, IDIQ helps protect consumers from the increasing threat of identity theft and fraud, particularly as consumers continue to shift their financial and retail habits to digital, as well as provides planning and response support for businesses in the event of a data breach.
The Simpson Thacher team includes Sung Jin, Brian Kloeblen and Jule Walsh (M&A); Larry Moss, Jake Phillips and Garrick Ehlers (Executive Compensation and Executive Benefits); Jonathan Goldstein and Tyler Robbins (Tax); Lori Lesser, Corina McIntyre and Elizabeth Gladstone (Intellectual Property); Barrie Covit, David Wagner, David Whelan, Samuel Ash and Jeffrey Larocca (Private Funds); Krista McManus (Real Estate); Michael Isby (Environmental); Peter Guryan and Kelly Karapetyan (Antitrust); and Steve DeLott (Insurance).