First Advantage’s $382.5 Million Initial Public Offering

Simpson Thacher has represented First Advantage on the deal.

First Advantage Corporation announced its initial public offering of 29,325,000 shares of its common stock at a price to the public of $15 per share, including the full exercise by the underwriters of their option to purchase up to 3,825,000 additional shares of common stock. Of the sold shares, 22,856,250 shares were sold by First Advantage, and 6,468,750 shares were sold by certain existing stockholders of First Advantage, to raise in total $382.5 million.

The shares began trading on the Nasdaq Global Select Market on June 23, 2021, under the ticker symbol ‘FA’.

First Advantage is a leading global provider of technology solutions for screening, verifications, safety, and compliance related to human capital. They deliver innovative solutions and insights that help customers manage risk and hire the best talent.

The Simpson Thacher team was led by Ken Wallach (Picture), Hui Lin, Arielle Katzman, Catherine Ciriello, Bethany Wong and Alexander Leicht (Capital Markets); Tristan Brown and Alyssa Ohanian (Executive Compensation and Employee Benefits); Brad Goldberg and Jennifer Nadborny (Public Company Advisory Practice); Drew Purcell and Tyler Robbins (Tax); Lori Lesser, Corina McIntyre and Genevieve Dorment (Intellectual Property); Timothy Mulvihill (Environmental); and Krista McManus (Real Estate). 

Involved fees earner: Tristan Brown – Simpson Thacher & Bartlett; Catherine Ciriello – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Bradley Goldberg – Simpson Thacher & Bartlett; Arielle Katzman – Simpson Thacher & Bartlett; Alexander Leicht – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Hui Lin – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Jennifer Nadborny – Simpson Thacher & Bartlett; Alyssa Ohanian – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Tyler Robbins – Simpson Thacher & Bartlett; Kenneth Wallach – Simpson Thacher & Bartlett; Bethany Wong – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: First Advantage Corp;

Martina Bellini

Author: Martina Bellini