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Vantiv, Inc.'s $575 Million Initial Public Offering
3/27/2012
Davis Polk advised J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC, as representatives of the underwriters, in connection with Vantiv, Inc.'s initial public offering of 33,823,800 shares of its Class A common stock, which included the full exercise of the underwriters' over-allotment option to purchase an additional 4,411,800 shares of Class A common stock from Vantiv and certain selling stockholders, at a price to the public of $17.00 per share. The Class A common stock is listed on the New York Stock Exchange under the symbol “VNTV.” Prior to the closing of the IPO, Vantiv completed various reorganization transactions pursuant to which, among other things, all of the interests in Vantiv held by funds affiliated with Advent International Corporation, Fifth Third Bank and its affiliates and the CEO of Vantiv were restructured.

Based in Cincinnati, Ohio, Vantiv is a leading, integrated payment processor differentiated by a single, proprietary technology platform.

The Davis Polk corporate team included partner Richard J. Sandler and associates Byron B. Rooney and Mark L. Giugliano. The tax team included partner Harry Ballan and associates William A. Curran and Kerry S. Price. Counsel Reena A. Sahni and associate Brandon Smith provided financial institutions advice. The intellectual property team included partner Frank J. Azzopardi, associate David R. Bauer and foreign temporary associate Adar Ortal (not yet admitted). Counsel Marcie A. Goldstein provided FINRA advice. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team were based in the New York office.