Simpson Thacher represented First Advantage Corporation (“First Advantage”) in connection with a secondary offering of common stock by certain existing stockholders, including a selling stockholder affiliated with Silver Lake Group, L.L.C. The offering of 17,250,000 shares of First Advantage common stock, including the full exercise by the underwriters of their option to purchase up to 2,250,000 additional shares of common stock, raised $345 million in gross proceeds, with the selling stockholders receiving all of the proceeds from the offering.
First Advantage (Nasdaq: FA) is a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital.
The Simpson Thacher team included Hui Lin, Ken Wallach, Arielle Katzman and Bethany Wong (Capital Markets); Tristan Brown and Alyssa Ohanian (Executive Compensation and Employee Benefits); Jennifer Nadborny (Public Company Advisory Practice); Drew Purcell and Tyler Robbins (Tax); Corina McIntyre and Genevieve Dorment (Intellectual Property); Timothy Mulvihill (Environmental); and Krista McManus (Real Estate).