20 04 2016

Atairos invests $250 million in Groupon

Davis Polk is advising Atairos on its $250 million investment in Groupon.


Under the terms of the investment, Atairos is purchasing $250 million in aggregate principal amount of 3.25% convertible senior notes due 2022 of Groupon, with an initial conversion price of approximately $5.40 per share, and Michael Angelakis, chairman and chief executive officer of Atairos, is joining Groupon’s Board of Directors. Atairos is an independent private company focused on supporting growth-oriented businesses across a wide range of industries. Atairos was launched in 2016 with more than $4 billion in committed capital and has offices in New York and Bryn Mawr, Pennsylvania. Groupon is a global leader of local commerce and the place you start when you want to buy just about anything, anytime, anywhere. The Davis Polk corporate team includes partner William J. Chudd (Picture) and associates Harold Birnbaum and Katharine Jan. Partners Mark M. Mendez and Ray Ibrahim and associates Robert Stewart and Mo Zhou are providing derivatives and equity-linked advice. Partner David H. Schnabel and associate Kay Ng are providing tax advice. Partner Bruce K. Dallas is providing capital markets advice. Involved fees earner: William Chudd - Davis Polk & Wardwell; Harold Birnbaum - Davis Polk & Wardwell; Katharine Jan - Davis Polk & Wardwell; Mark Mendez - Davis Polk & Wardwell; Ray Ibrahim - Davis Polk & Wardwell; Robert Stewart - Davis Polk & Wardwell; Mo Zhou - Davis Polk & Wardwell; Bruce Dallas - Davis Polk & Wardwell; David Schnabel - Davis Polk & Wardwell; Kay Ng - Davis Polk & Wardwell;

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