First American’s Acquisition by Ontario Teachers’ Pension Plan
July 22, 2014
On July 18, 2014, First American Payment Systems (“First American”), a leading North American provider of electronic payment processing services, announced that an investor group led by the Ontario Teachers’ Pension Plan, with participation of members of the First American management team, has reached an agreement to acquire the company. First American is currently majority‑owned by the private investment firm Lindsay Goldberg. Cravath represented First American in connection with this transaction, which is expected to close in August. Financial terms were not disclosed.
The Cravath team included partner Andrew R. Thompson and associates Bomi Lee and Matthew G. Jones on M&A matters; partner J. Leonard Teti II and associate Edward A. McGehee on tax matters; associates Jonathan J. Katz and Amy C. Benford on executive compensation and benefits matters; and associate Benjamin D. Landry on intellectual property matters. Summer associate Maurio Fiore also worked on M&A matters.
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People
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
- New York
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LL.M., 2013, New York University School of Law
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J.D., 2007, Benjamin N. Cardozo School of LawOrder of the Coif, Dean's Distinguished Scholar, summa cum laude
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B.S., 2003, Cornell University
- New York
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