Blackstone Completes Take-Private of Technology Outsourcing Company Pactera (Asia)
Source: Pactera Technology International, Asian Venture Capital Journal | Author(s): Tim Burroughs
A consortium led by global investment and advisory firm The Blackstone Group has completed a take-private of China-based technology outsourcing provider Pactera Technology International, valuing the previously NASDAQ-listed company at approximately US$625 million. Company management and existing investor venture capital firm GGV Capital rolled over their shares into the acquisition vehicle. Exiting investors received US$7.30 per American depository share. The transaction was supported by a debt package arranged by Bank of America Merrill Lynch, Citigroup and HSBC.