First Data and Selling Stockholder Complete $1.74 Billion Secondary Offering
09.19.17
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Simpson Thacher recently represented First Data Corporation (“First Data”) and New Omaha Holdings L.P., an affiliate of Kohlberg Kravis Roberts & Co. L.P. (the “Selling Stockholder”), in connection with a secondary offering of 97,750,000 shares of Class A common stock of FDC by the Selling Stockholder for aggregate proceeds of approximately $1.74 billion. The Selling Stockholder received all proceeds from the offering.
First Data is a global leader in commerce-enabling technology and solutions, serving approximately six million business locations and over 4,000 financial institutions in more than 100 countries around the world. First Data has 24,000 owner-associates and processes more than 2,800 transactions per second and $2.2 trillion in transaction volume per year.
The Simpson Thacher team included Richard Fenyes, Tony Rim and Eric Wisotsky (Capital Markets); Michael Holick and Robert LiCalzi (M&A); Marcy Geller, Jonathan Cantor and Jodi Schneider (Tax); David Rubinsky and Patricia Adams (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA).