Xerox Completes $1.5 Billion Acquisition of Lexmark

In The News
July 2, 2025

Ropes & Gray represented Xerox Holdings Corporation in its acquisition of Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion. The acquisition expands Xerox’s global footprint, strengthens service capabilities, and equips Xerox to deliver an even broader portfolio of workplace technologies to clients.

The closing of the transaction was announced in a July 1 press release.

The Ropes & Gray team included private equity partners Janet Coscino and Neill Jakobe, mergers & acquisitions partners Zach Blume and Arthur Mok, IP transactions partner Jordan Altman, real estate partners Peter Alpert and Sally Davis, tax partner Elaine Murphy, litigation & enforcement partners Brendan Hanifin, Ruchit Patel, Samer Musallam, Ama Adams, Jonathan Klarfeld and Tim Farrell, litigation & enforcement counsel Dervla Broderick, employment partner Jen Cormier and executive compensation & employee benefits partner Renata Ferrari.