8/106 sources · 4 publishersUpdated Nov 10, 16:35 UTC
Silver Lake prices 15.0M-share secondary offering at $21.80
Silver Lake-affiliated funds priced a secondary offering of 15.0M First Advantage shares at $21.80 each on November 10, 2026. First Advantage is not selling shares and will receive no proceeds. Closing is expected on or about November 12, 2026, pending conditions, with Barclays and J.P. Morgan serving as underwriters.
Why it matters
The transaction adds a large block of shares to the market while directing the proceeds to Silver Lake rather than First Advantage. That changes the company’s share supply without providing First Advantage with financing from the offering.
Key facts
- 1Silver Lake-affiliated funds are selling 15.0M First Advantage shares at $21.80 per share, and First Advantage is not receiving proceeds. tradingview.com
- 2The offering is expected to close by November 12, 2026, pending conditions. investing.com
- 3The transaction has an aggregate offering value of $327M. seekingalpha.com
- 4Barclays and J.P. Morgan are acting as underwriters. investing.com
Open questions
- Only one material reports that up to 5.3 million additional shares may be distributed to Silver Lake limited partners without the 30-day lock-up.
- Reported declines in First Advantage shares differ across materials because they refer to different points in the trading session.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.