Ropes & Gray Represents Blackstone-led Consortium in Acquisition of China-based Pactera

Ropes & Gray represented the Blackstone-led buyer group consortium in the going-private transaction of China-based Pactera Technology International Ltd., which closed on March 27.

The buyer consortium was 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 that advised the buyer consortium was led by private equity partners Gary Li and Jim Lidbury, and included finance partner Jay Kim, intellectual property transactions partner Geoffrey Lin, private equity partner David Chapin, tax partner Elaine Murphy, benefits partner Loretta Richard, securities & shareholder litigation partner Peter Welsh, finance counsel Milap Patel, and benefits principal Bruce Gaffney.

Blackstone is a client of Ropes & Gray globally, as well as in Asia. 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, including representing:

• China Everbright as a member of the buyer consortium in the US$3.7 billion take private of Focus Media Holdings, which operates China’s largest lifestyle-targeted interactive digital media network.
• Private equity fund AlpInvest as part of the buyer consortium in the take-private of Nasdaq-listed Chinese telecommunications company AsiaInfo-Linkage.