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HireRight Closes $420 Million Initial Public Offering
- Client News
- November 2, 2021
Paul, Weiss advised employment background screening company HireRight Holdings Corporation, a portfolio company of General Atlantic, in its initial public offering of 22,222,222 shares of common stock at $19 per share. The IPO generated gross proceeds of over $420 million for the company, which will be used for general corporate purposes, including repayment of indebtedness. Credit Suisse and Goldman Sachs & Co. LLC acted as lead book runners for the offering.
HireRight provides comprehensive background screening, verification, identification, monitoring, and drug and health screening services for more than 40,000 corporate customers across the globe via a unified global software and data platform. In 2020, HireRight screened over 20 million job applicants, employees and contractors for its customers.
The Paul, Weiss team included corporate partners Matthew Abbott, John Kennedy and Cullen Sinclair, and counsel David Curtiss and Frances Mi; tax partner Lindsay Parks; executive compensation partner Lawrence Witdorchic and counsel Ron Aizen; litigation partners Jeannie Rhee and Roberto Gonzalez, and counsel Steven Herzog; and intellectual property partner Claudine Meredith-Goujon.