First Data $1.71 Billion Secondary Offering

Davis Polk advised the joint book-running managers and representatives of the underwriters in connection with the $1.71 billion secondary offering of 73,600,000 shares of Class A common stock of First Data Corporation by New Omaha Holdings, L.P., a holding vehicle for KKR and certain other investors in First Data.

First Data’s Class A common stock is traded on the New York Stock Exchange under the symbol “FDC.”

Citigroup, BofA Merrill Lynch, PNC Capital Markets LLC, Wells Fargo Securities, Deutsche Bank Securities and KKR acted as Joint Book-Running Managers on the offering.

First Data is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 24,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 2,800 transactions per second and $2.2 trillion per year.

The Davis Polk corporate team included partner Byron B. Rooney (Picture) and associate Win Rutherfurd. Partner Rachel D. Kleinberg and associate Dao Fu provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice.

Simpson Thacher represented First Data Corporation with a team including Richard Fenyes, Tony Rim and Davis Mahon (Capital Markets); Michael Holick (M&A); Marcy Geller, Jonathan Cantor, Jodi Schneider and Sarah Julian Duffy (Tax); David Rubinsky and Patricia Adams (Executive Compensation and Employee Benefits); Marcela Robledo (Intellectual Property); and Jennie Getsin (FINRA).


Involved fees earner: Byron Rooney – Davis Polk & Wardwell; Win Rutherfurd – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Dao Fu – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Richard Fenyes – Simpson Thacher & Bartlett; Tony Rim – Simpson Thacher & Bartlett; Davis Mahon – Simpson Thacher & Bartlett; Michael Holick – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Sarah Julian Duffy – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Patricia Adams – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Davis Polk & Wardwell; Simpson Thacher & Bartlett;

Clients: Bank of America Merrill Lynch; Citigroup Inc.; Deutsche Bank Securities; KKR; PNC Capital Markets LLC; First Data Corporation; Wells Fargo Securities;



Author: Ambrogio Visconti