Simpson Thacher represented First Advantage Corporation (“First Advantage”) and an entity affiliated with Silver Lake Group, L.L.C. (the “Selling Stockholder”) in connection with a secondary offering of common stock of First Advantage by the Selling Stockholder. The offering of 12,500,000 shares of First Advantage common stock raised approximately $275 million in gross proceeds, with the Selling Stockholder receiving all of the proceeds from the offering.
J.P. Morgan Securities LLC acted as the underwriter for the offering.
First Advantage is global software and data company providing comprehensive, end-to-end identity solutions, criminal background screening, credential verifications, drug and health screening, and continuous risk monitoring.
The Simpson Thacher team included Hui Lin, Tina Tang and Manuel Alvarez (Capital Markets); Tristan Brown (Executive Compensation and Employee Benefits); James Rapp and Bettina Elstroth (Public Company Advisory Practice); Michael Mann (Tax); Caroline Geiger and Isabella Gonzalez (Intellectual Property); Abram Ellis, Daniel Levien and Shuhao Fan (Regulatory); Toby Chun and Deepa Sarkar (Environmental).