<SEC-DOCUMENT>0001193125-21-189417.txt : 20210721
<SEC-HEADER>0001193125-21-189417.hdr.sgml : 20210721
<ACCEPTANCE-DATETIME>20210614060958
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-21-189417
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210614

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST ADVANTAGE CORP
		CENTRAL INDEX KEY:			0001210677
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				843884690
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1 CONCOURSE PARKWAY NE, SUITE 200
		STREET 2:		ATTN: BRET T. JARDINE, ESQ.
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328
		BUSINESS PHONE:		888-314-9761

	MAIL ADDRESS:	
		STREET 1:		1 CONCOURSE PARKWAY NE, SUITE 200
		STREET 2:		ATTN: BRET T. JARDINE, ESQ.
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328
</SEC-HEADER>
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<TYPE>CORRESP
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Simpson Thacher&nbsp;&amp; Bartlett <SMALL>LLP</SMALL> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">425 <SMALL>LEXINGTON</SMALL> <SMALL>AVENUE</SMALL> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><SMALL>NEW</SMALL> <SMALL>YORK</SMALL>, <SMALL>NY</SMALL> 10017-3954 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><SMALL>TELEPHONE</SMALL>:
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">+1-212-455-2000</FONT></FONT></FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><SMALL>FACSIMILE</SMALL>:
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">+1-212-455-2502</FONT></FONT></FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">D<SMALL>IRECT</SMALL> D<SMALL>IAL</SMALL> N<SMALL>UMBER</SMALL></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(212) <FONT STYLE="white-space:nowrap">455-3352</FONT></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(212) <FONT
STYLE="white-space:nowrap">455-7862</FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><FONT STYLE="white-space:nowrap">E-</FONT><SMALL>MAIL</SMALL> A<SMALL>DDRESS</SMALL></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">kwallach@stblaw.com</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">hui.lin@stblaw.com</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">June&nbsp;14, 2021 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>VIA EDGAR </U></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right">Re:&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">FIRST ADVANTAGE CORP</TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Filed May&nbsp;28, 2021</TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">File <FONT STYLE="white-space:nowrap">No.&nbsp;333-256622</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mara Ransom </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Taylor Beech </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities and Exchange
Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, N.E. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington D.C. 20549 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On behalf of First
Advantage Corporation (the &#147;<U>Registrant</U>&#148;), we hereby transmit via EDGAR for filing with the Securities and Exchange Commission (the &#147;Commission&#148;) Amendment No.&nbsp;1 (&#147;<U>Amendment No.</U><U></U><U>&nbsp;1</U>&#148;)
to the above referenced Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> (the &#147;<U>Registration Statement</U>&#148;) filed on May&nbsp;28, 2021 relating to the offering of its common stock, marked to show changes from
the Registration Statement. The Registration Statement has been revised in response to the comments set forth in the comment letter of the staff of the Division of Corporation Finance of the Commission (the &#147;Staff&#148;) dated June&nbsp;4, 2021
(the &#147;<U>Comment Letter</U>&#148;), relating to the Registration Statement and to reflect certain other changes, including the price range. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, we are providing the following responses to the Comment Letter. To assist your review, we have retyped the text of the
Staff&#146;s comments in italics below. Page references in the text of this letter correspond to the pages of the Amendment No.&nbsp;1. Unless otherwise defined below, terms defined in the Amendment No.&nbsp;1 and used below shall have the meanings
given to them in Amendment No.&nbsp;1. The responses and information described below are based upon information provided to us by the Registrant. </P>
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<TD VALIGN="top">Securities and Exchange Commission</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">June&nbsp;14, 2021</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> filed May&nbsp;28, 2021 </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Risk Factors </U></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Our Sponsor controls us and its
interests may conflict with yours in the future., page 39</U> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>1.</I></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>We note your disclosure on page 144 that the stockholders&#146; agreement will grant your Sponsor and its
affiliates and certain of their transferees certain governance rights for as long as your Sponsor and its affiliates and certain of their transferees maintain ownership of at least 25% of your outstanding common stock, including rights of approval
over certain corporate and other transactions and the appointment of your chief executive officer.&nbsp;Please enhance your disclosure to describe the nature of the &#147;corporate and other transactions&#148; to which these shareholders have
governance rights.&nbsp;Please also discuss the risks related to&nbsp;this provision, including any anti-takeover effects it may have,&nbsp;in your risk factors. </I></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The Registrant has revised the disclosure on pages 145 and 146 relating to the nature of the corporate and other transactions to which the
applicable shareholders have governance rights. The Registrant has also revised the disclosure on pages 39 and 40 to discuss risks related to this provision. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>Exhibit 5.1 </U></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><I>2.</I></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><I>Please remove the assumption that the primary shares will be validly issued, fully paid and nonassessable
&#147;when the Board of Directors of the Company has taken all necessary corporate action to authorize and approve the issuance of the Primary Shares,&#148; as this assumes a material fact underlying the &#147;validly issued&#148;
opinion.&nbsp;Refer to Staff Legal Bulletin No.&nbsp;19 Section II.B.3.a. </I></P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In response to the Staff&#146;s comment,
the opinion set forth in Exhibit 5.1 has been revised to conform to the requirements of Staff Legal Bulletin No.&nbsp;19. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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<TD VALIGN="top">Securities and Exchange Commission</TD>
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<TD VALIGN="top" ALIGN="right">June&nbsp;14, 2021</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Please do not hesitate to contact Kenneth B. Wallach at (212) <FONT STYLE="white-space:nowrap">455-3352</FONT>
or Hui Lin at (212) <FONT STYLE="white-space:nowrap">455-7862</FONT> if you wish to discuss our responses to the Comment Letter. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">/s/ Kenneth B. Wallach</TD></TR>
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<TD VALIGN="top"> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Kenneth B. Wallach</P></TD></TR>
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<TD VALIGN="top">/s/ Hui Lin</TD></TR>
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<TD VALIGN="top">cc:</TD>
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<TD VALIGN="top" ALIGN="center">Securities and Exchange Commission</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Lyn Shenk</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
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<TD VALIGN="top" ALIGN="center">Scott Staples</TD>
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<TD VALIGN="top" ALIGN="center">Bret T. Jardine</TD>
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