Shift4 Payments’ $485 Million Class A Common Stock Offering

Simpson Thacher represented the underwriters in the offering.

Shift4 Payments, Inc. and certain selling stockholders executed a public offering of an aggregate of 10,000,000 shares of Shift4 Payments’ Class A common stock. The offering raised approximately $485 million in aggregate gross proceeds for Shift4 Payments and the selling stockholders and closed on September 15, 2020.

Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Evercore Group L.L.C., Raymond James & Associates, Inc., Truist Securities, Inc., WR Securities, LLC, Citizens Capital Markets, Inc., Scotia Capital (USA) Inc., TD Securities (USA) LLC, and Telsey Advisory Group LLC acted as underwriters for the offering.

Shift4 Payments is a leading independent provider of integrated payment processing and technology solutions, delivering a complete ecosystem of solutions that extend beyond payments to include a wide range of value-added services. The company’s technologies help power over 350 software providers in numerous industries, including hospitality, retail, F&B, e-commerce, lodging, gaming and many more. With over 7,000 sales partners, the company securely processed more than 3.5 billion transactions annually for over 200,000 businesses in 2019.

The Simpson Thacher team for the underwriters in this transaction included Richard Fenyes (Picture), Ben Heriaud and Jason Kitchen (Capital Markets); Andrew Purcell and Jasmine Hay (Tax); Tristan Brown (Executive Compensation and Employee Benefits); Andrew Pagliughi (FINRA & Blue Sky); Mike Isby (Environmental); Adam Cohen and Spencer Sloan (Financial Institutions); and Melanie Jolson (IP).

Involved fees earner: Tristan Brown – Simpson Thacher & Bartlett; Adam Cohen – Simpson Thacher & Bartlett; Richard Fenyes – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Benjamin Heriaud – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Melanie Jolson – Simpson Thacher & Bartlett; Jason Kitchen – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Spencer Sloan – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; Citizens Capital Markets; Credit Suisse Securities (USA) LLC; Evercore Inc.; Goldman Sachs & Co.; Morgan Stanley; Raymond James & Associates, Inc.; RBC Capital Markets; Scotia Capital Inc.; TD Securities; Telsey Advisory Group LLC; Truist Securities Inc. ; WR Securities LLC ;

Author: Ambrogio Visconti