Going Private • Information Technology

The Blackstone Group Acquires Pactera Technology

On October 17, 2013, private equity firm The Blackstone Group acquired information technology company Pactera Technology for 625M USD

Acquisition Context
  • This is The Blackstone Group’s 7th transaction in the Information Technology sector.
  • This is The Blackstone Group’s 128th largest (disclosed) transaction.
  • This is The Blackstone Group’s 5th transaction in China.
Investment Fate
  • Pactera Technology was sold to a strategic buyer in 2016 for 930M USD.

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M&A Deal Summary

Date October 17, 2013
Target Pactera Technology
Sector Information Technology
Buyer(s) The Blackstone Group
Deal Type Going Private
Deal Value 625M USD

Target Company

Pactera Technology

Beijing, China
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.
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Buyer Overview 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B 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, New York.


Deal Context for Buyer #
Overall 168 of 365
Sector: Information Technology 7 of 26
Type: Going Private 15 of 42
Country: China 5 of 9
Year: 2013 7 of 8
Size (of disclosed) 128 of 185
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 ThoughtFocus

Dallas, Texas, United States

ThoughtFocus is a global provider of digital services and technology enabled digital operations focused primarily on the financial services end market. ThoughtFocus’ technology solutions enable its customers to deploy new capabilities faster, deliver better user experiences, and drive operating efficiencies. ThoughtFocus was founded in 2004 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Mivisa Envases SAU

Murcia, Spain

Mivisa is a manufacturer of high quality metal packaging intended for the food canning industry. Mivisa today has 6 factories in Spain and 4 abroad. The goal of all them is to offer the best product to their customers, relying on the quality of its products, on development and innovation.

Sell €1.2B