Latham & Watkins Advises on First Advantage’s US$327 Million Secondary Offering of Common Stock
First Advantage Corporation (Nasdaq: FA), a 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, announced the pricing of an underwritten secondary offering by certain investment funds of Silver Lake Group, L.L.C. and its affiliates (the Selling Stockholder) of 15,000,000 shares of common stock of First Advantage at a price to the public of US$21.80 per share. First Advantage is not selling any shares and will not receive any proceeds from the sale of shares in the offering by the Selling Stockholder. The offering is expected to close on or about November 12, 2026, subject to customary closing conditions.
Latham & Watkins LLP represents the underwriters in the offering with a Capital Markets team led by New York partners Ian Schuman and Benjamin Cohen, with associates Dylan Lojac and Jenny Li and assistance from Ryeaan Chaudhary. Advice was also provided on data privacy and cybersecurity matters by partner Robert Blamires, with associate Kathryn Parsons-Reponte; on intellectual property matters by partner Pelin Serpin, with associate Dena Behnam; and on tax matters by partner Bora Bozkurt, with assistance from George Yu.