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Ropes & Gray Represents Blackstone-Led Consortium in Take-Private Deal for Pactera Technology

Practices: Private Equity, Asia Pacific, Capital Markets, Mergers & Acquisitions, Securities & Public Companies

Ropes & Gray is representing the Blackstone-led buyer group consortium in the going-private transaction of China-based Pactera Technology International Ltd. (Pactera).

The buyer consortium made its formal proposal to the Pactera board on May 20, 2013. The buyer consortium is led by an affiliate of funds managed or advised by Blackstone and joined by several senior management members of Pactera, including its non-executive chairman, its chief executive officer and its executive committee members.

The Ropes & Gray team advising the buyer consortium is led by U.S.-based partners David Chapin and James Lidbury. The team included associate Peng Yu.

Blackstone is a client of Ropes & Gray globally, as well as in Asia. In 2011, the firm also advised Blackstone on its $3 billion buyout of Emdeon, a Tennessee-based health care information technology services company.

This transaction is the latest of several private equity-sponsored take-privates of U.S.-listed Chinese firms on which the Ropes & Gray Hong Kong team has advised this year. The firm is representing private equity fund AlpInvest as part of the buyer consortium in the recently announced take-private of Nasdaq-listed Chinese telecommunications company AsiaInfo-Linkage. Ropes & Gray also represented the buyer group consortium led by TPG in the privatization of NYSE-listed China-based contract research organization ShangPharma, which closed in March 2013.

Read more about Ropes & Gray’s work on privatizations of Chinese companies here.

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