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First Advantage and ID.me Announce Strategic Partnership

First Advantage and ID.me announced their exclusive strategic partnership and launch of their Fair Credit Reporting Act-compliant digital identity verification product for recruitment, hiring, and onboarding. The product will now appear within the background screening report so that employers may make employment-related decisions based on those results. "By combining First Advantage's biographical data and compliance expertise with ID.me's high-assurance identity proofing, we're delivering a FCRA-compliant identity fraud detection product," said Joelle Smith, president of First Advantage.

JPMorgan Acts as Sole Book Running Manager, Deal Priced Inside $22.00-$23.59 Range

JPMorgan is acting as sole book running manager for the offering. The deal priced inside the $22.00-$23.59 target range.

First Advantage Plans to Sell 12.5M Shares

First Advantage Corporation announced that certain investment funds of Silver Lake Group and its affiliates intends to offer for sale in an underwritten secondary offering 12.5M shares of common stock of First Advantage pursuant to a registration statement filed by First Advantage with the SEC. The selling stockholder will receive all of the proceeds from this offering. J.P. Morgan Securities is acting as the underwriter for the offering.