Xerox to Acquire Lexmark in Deal Valued at $1.5 Billion

Ropes & Gray represented Xerox Holdings Corporation in its agreement to acquire Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at $1.5 billion. The transaction was announced in a Dec. 23 press release.

Lexmark creates cloud-enabled imaging and IoT technologies and the acquisition will strengthen the Xerox core print portfolio and build a broader global print and managed print services business.

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 partners Eric Behl-Remijan and Elaine Murphy, litigation & enforcement partners Brendan Hanifin, Ruchit Patel, Samer Musallam, Ama Adams, Jonathan Klarfeld and Tim Farrell, and employment, executive compensation & employee benefits partners Jen Cormier and Renata Ferrari.