Davis Polk advised J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC, as representatives of the underwriters, in connection with the $308 million SEC-registered secondary offering of 14,064,500 shares of Vantiv, Inc.’s Class A common stock by funds affiliated with Advent International Corporation and trusts affiliated with one of Vantiv’s directors, Pamela H. Patsley, at a price to the public of $21.90 per share. The underwriters’ over-allotment option to purchase additional shares of Class A common stock from the selling stockholders was exercised in full. The Class A common stock is listed on the New York Stock Exchange under the symbol “VNTV.”
Based in Cincinnati, Ohio, Vantiv is a leading, integrated payment processor differentiated by a single, proprietary technology platform.
The Davis Polk corporate team included partner Richard J. Sandler and associates Byron B. Rooney and Lisa Bozman. The tax team included partner Harry Ballan and associate William A. Curran. Counsel Reena Agrawal Sahni and associate Brandon Smith provided financial institutions advice. The intellectual property team included partner Frank J. Azzopardi and associate David R. Bauer. Counsel Marcie A. Goldstein provided FINRA advice. Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team were based in the New York office.
