Going-Private Transaction by iSoftstone Holdings

April 18, 2014

Cleary Gottlieb is representing the buyer consortium, led by Mr. Tianwen Liu, Chairman of the Board of Directors and Chief Executive Officer, and funds managed by China Everbright Investment Management, in the going-private transaction of iSoftStone Holdings. The merger agreement was executed and announced on April 18. The merger will be financed by equity provided by Mr. Tianwen Liu and China Everbright, debt financing provided by China Merchants Bank and the rollover of the existing equity in the company held by the buyer consortium. The closing is expected to take place in the third quarter of 2014, subject to the approval of shareholders and other customary closing conditions.

iSoftStone Holdings Limited is a leading China-based IT services provider serving both greater China and global clients. Its ADSs are listed on the NYSE since 2010.