The Firm represented TaskUs, Inc. (“TaskUs”) in connection with a secondary offering of Class A common stock sold by the company’s co-founders and selling stockholders affiliated with Blackstone Inc. The offering of 12,077,480 shares of Class A common stock raised approximately $767 million in gross proceeds, with the selling stockholders receiving all of the proceeds from the offering.
TaskUs (Nasdaq: TASK), a Blackstone portfolio company, is a provider of outsourced digital services and next-generation customer experience to innovative and disruptive technology companies, helping its clients represent, protect and grow their brands. TaskUs serves clients in the fastest-growing sectors, including social media, e-commerce, gaming, streaming media, food delivery and ridesharing, HiTech, FinTech and HealthTech. As of September 30, 2021, TaskUs employed approximately 35,600 people worldwide.
The Simpson Thacher team included Edgar Lewandowski, Richard Ragusa and Alexi Thomas (Capital Markets); Jeannine McSweeney, Caitlin Fitzgerald and Garrick Ehlers (Executive Compensation and Employee Benefits); Jonathan Goldstein and Sophie Staples (Tax); Jennifer Nadborny and Arielle Katzman (Public Company Advisory Practice); Genevieve Dorment and Bobbie Burrows (IP); and Vanessa Burrows (Healthcare).