M&A Deal Summary

HNA Group Acquires Pactera Technology

On October 11, 2016, HNA Group acquired information technology company Pactera Technology from The Blackstone Group for 930M USD

Acquisition Highlights
  • This is HNA Group’s 1st transaction in the Information Technology sector.
  • This is HNA Group’s 4th largest (disclosed) transaction.
  • This is HNA Group’s 1st transaction in China.

M&A Deal Summary
Date 2016-10-11
Target Pactera Technology
Sector Information Technology
Buyer(s) HNA Group
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 930M USD

Target

Pactera Technology

Beijing, China
website
Pactera Technology is a global consulting and technology services provider headquartered in China. Pactera provides world-class business / IT consulting, solutions, and outsourcing services to a wide range of leading multinational firms through a globally integrated network of onsite and offsite delivery locations in China, the United States, Europe, Australia, Japan, Singapore and Malaysia. Pactera's comprehensive services include business and technology advisory, enterprise application services, business intelligence, application development & maintenance, mobility, cloud computing, infrastructure management, software product engineering & globalization, and business process outsourcing.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

HNA Group

Haikou, China

website

Category Company
Founded 2000
Sector Diversified
Employees180,000
Revenue 25.0B USD (2014)
DESCRIPTION

HNA Group Co. Ltd. is a conglomerate encompassing core divisions of aviation, holdings, capital, tourism and logistics.

DEAL STATS #
Overall 4 of 5
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (China) 1 of 1
Year (2016) 3 of 4
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-11 gategroup

Zurich, Switzerland

gategroup is an independent provider of products, services, and solutions related to a passenger’s onboard experience. gategroup specializes in catering and hospitality, provisioning and logistics; and onboard products and services to companies that serve people on the move. gategroup was formed in 2008 and is based in Zurich, Switzerland.

Buy Fr.1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Hilton

McLean, Virginia, United States

Hilton is a global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. Hilton was formed in 1919 and is based in McLean, Virginia. Hilton was founded in 1919 and is based in McLean, Virginia.

Buy -

Seller(S) 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 105 of 170
Sector (Information Technology) 3 of 11
Type (Add-on Acquisition) 38 of 66
Country (China) 4 of 4
Year (2016) 3 of 7
Size (of disclosed) 42 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 American Electric Power - Four Competitive Power Plants

United States

American Electric Power - Four Competitive Power Plants comprises four power plants totaling approximately 5,200 megawatts (MW). Power plants are Lawrenceburg Generating Station, 1,186 MW natural gas, Lawrenceburg, Indiana, Waterford Energy Center, 840 MW natural gas, Waterford, Ohio Darby Generating Station, 507 MW natural gas, Mount Sterling, Ohio and Gen. James M. Gavin Plant, 2,665 MW coal, Cheshire, Ohio.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-21 NCC

Hyderabad, India

NCC is an infrastructure construction company focused on providing EPC services. In the infrastructure sector, NCC builds building, housing and industrial structures, water treatment plants / pipelines, transport infrastructure, i.e., highways, flyovers, bridges, elevated railroads, electrification projects and irrigation projects. It also has a real estate division. NCC was founded in 1978 and is based in Hyderabad, India.

Sell -
Mergr

Product

Company

Legal