Ropes & Gray on Blackstone-led China IT Acquisition

, The Asian Lawyer

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Ropes & Gray is advising a consortium led by Blackstone Group on its $625 million acquisition of Chinese information technology company Pactera Technology International Ltd.

Nasdaq-listed Pactera will be taken private by Blackstone, a group of senior managers from the company, and another private equity firm, GGV Capital. Beijing-based Pactera’s board of directors, acting on a recommendation from a specially formed special committee of independent directors, has approved the transaction and recommended to shareholders.

Along with shareholder approval, the deal is also subject to review by Chinese antitrust authorities.

Hong Kong partners Gary Li and James Lidbury are leading a Ropes & Gray team advising the consortium on U.S. law that also includes Hong Kong partners partners Paul Boltz, Kim Nemirow and Michael Nicklin, and Shanghai partner Geoffrey Lin. U.S.-based partners David Chapin, Elaine Murphy, Loretta Richard, and Peter Welsh in Boston, James DeGraw in San Francisco, and Jay Kim in New York are also playing a role in the deal.

Cleary Gottlieb Steen & Hamilton Beijing partner Clay Johnson is representing the Pactera senior managers, including non-executive chairman Chris Chen and chief executive officer Tiak Koon Loh, that are part of the buyer consortium. Jun He Law Offices is acting as Chinese counsel for the consortium, while Walkers is advising on Cayman Islands law.

Davis Polk & Wardwell Hong Kong partner Miranda So is representing Citigroup Global Markets Inc. as sole financial adviser to the consortium.

Orrick, Herrington & Sutcliffe Shanghai partner Jeffrey Sun and San Francisco partner Richard Vernon Smith are acting as U.S. counsel to Pactera, with Fangda Partners advising on Chinese law.

Skadden, Arps, Slate, Meagher & Flom Beijing partners Peter Huang and Daniel Dusek are representing J.P. Morgan Securities (Asia Pacific) Ltd. as financial adviser to Pactera.

Shearman & Sterling Hong Kong partner Paul Strecker is U.S. legal adviser to the special committee, with Conyers Dill & Pearman acting as Cayman Islands counsel.

Email: tbrennan@alm.com.

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