First Advantage $439.9 million IPO
Davis Polk advised the several underwriters in connection with the $439.9 million initial public offering of 29,325,000 shares of Class A common stock of First Advantage Corporation, of which 22,856,250 shares of Class A common stock were issued and sold by First Advantage and 6,468,750 shares of Class A common stock were sold by existing shareholders of First Advantage. First Advantage is traded on the Nasdaq Global Select Market under the trading symbol “FA.”
First Advantage is a leading global provider of technology solutions for screening, verifications, safety and compliance related to human capital. First Advantage delivers innovative solutions and insights that help customers manage risk and hire the best talent. Enabled by its proprietary technology platform, First Advantage’s products and solutions help companies protect their brands and provide safe environments for their customers and their most important resources: employees, contractors, contingent workers, tenants and drivers. Headquartered in Atlanta, Georgia, First Advantage has offices in North America, Europe, Asia and the Middle East.
The Davis Polk capital markets team included partners John G. Crowley and Alan F. Denenberg and associates Sana Bargach and John A. Atchley III. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associates Brette L. Trost and Christopher C. Woller. The tax team included partner Mario J. Verdolini and associate Tyler Scheiner. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York, London and Northern California offices.