TransUnion’s $1.1 Billion Secondary Offering

Simpson Thacher recently represented TransUnion (NYSE:TRU) in connection with a secondary offering of 19,889,564 shares of common stock by certain selling stockholders, including the remaining shares of TransUnion common stock held by investment funds associated with The Goldman Sachs Group, Inc.

The selling stockholders received all proceeds from the offering for aggregate proceeds of approximately $1.1 billion.

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as underwriters for the offering.

In June 2015, Simpson Thacher represented TransUnion in connection with its $764 million initial public offering. Since the IPO, Simpson Thacher represented TransUnion in secondary offerings by certain selling stockholders with proceeds aggregating approximately $5.8 billion.

TransUnion is a leading global risk and information solutions provider to businesses and consumers. TransUnion provides consumer reports, risk scores, analytical services and decisioning capabilities to businesses. Consumers use TransUnion’s solutions to view their credit profiles and access analytical tools that help them understand and manage their personal information and take precautions against identity theft. The company, led by James M Peck, Todd Cello and John W Blenke, in 2017 recorded $1.933 Billion revenues.

The Simpson Thacher team included Richard Fenyes (Picture), Matthew Levy, Ashley Yoon and Remy Denner (Capital Markets); Charles Mathes (Public Company Advisory Practice); Mark Chorazak (Bank Regulatory); Jonathan Cantor and Christopher Murray (Tax); David Rubinsky (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA).

 

Involved fees earner: Richard Fenyes – Simpson Thacher & Bartlett; Matthew Levy – Simpson Thacher & Bartlett; Ashley Sunha Yoon – Simpson Thacher & Bartlett; Remy Denner – Simpson Thacher & Bartlett; Charles Mathes – Simpson Thacher & Bartlett; Mark Chorazak – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Christopher Murray – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: TransUnion;