Ropes & Gray is advising a Blackstone-led consortium on its $680.3 million non-binding proposal to take China’s Pactera Technology International (Pactera) private.
The consortium consists of Blackstone and several senior management members of Pactera, including its non-executive chairman, CEO and executive committee members.
The Ropes & Gray team is being led by Hong Kong partners Gary Li and Paul Boltz, and U.S.-based partners David Chapin and James Lidbury. Cleary Gottlieb Steen & Hamilton is acting as U.S. counsel to the consortium’s senior management members, while Orrick, Herrington & Sutcliffe is advising Pactera. Shearman & Sterling is representing the special committee, which includes several independent directors of Pactera.
Beijing-based Pactera, formed last year through a merger of HiSoft Technology International and VanceInfo Technologies Inc, offers technology outsourcing and consulting services to blue-chip companies across the world.
Kanishk Verghese is North Asia journalist at ALB. Follow us onTwitter: @ALB_Magazine.
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