The Firm represented the underwriters, led by J.P. Morgan Securities LLC as sole book-running manager, in connection with the secondary offering by Popular, Inc. (NASDAQ: BPOP) (the “Selling Stockholder”), of an aggregate of 6,262,293 shares of EVERTEC, Inc. (NYSE: EVTC) (“Evertec”) common stock. After the completion of the offering and a concurrent share repurchase, the Selling Stockholder no longer owns equity of Evertec.
Evertec is a full-service transaction processing business in Puerto Rico, the Caribbean and Latin America, providing a broad range of merchant acquiring, payment services and business process management services. Based in Puerto Rico, the Company operates in 26 Latin American countries and serves a diversified customer base of leading financial institutions, merchants, corporations and government agencies with “mission-critical” technology solutions.
The Simpson Thacher team included Roxane Reardon, Lesley Peng, Ignacio Perez, Daniel Westen and Alex Michael (Capital Markets); Marcy Geller, Michael Mann and Michael Slomovics (Tax); Jessica Cohen and Rachelle Broida (Intellectual Property); Ryan Stott (Executive Compensation and Employee Benefits); Spencer Sloan (Bank Regulatory); and Jennie Getsin (Blue Sky).