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.
