Pactera Technology International in Going-Private Transaction

October 17, 2013

Cleary Gottlieb is representing the management members in the buyer consortium, including Mr. Chris Chen, non-executive Chairman, and Mr. Tiak Koon Loh, Chief Executive Officer, in the going-private transaction of Pactera Technology International. The buyer consortium includes Pactera’s senior management, funds managed or advised by The Blackstone Group L.P., and GGV Capital and its affiliates. The merger agreement was executed and announced on October 17, 2013. After the closing of the transaction, Pactera will become a private company and its ADSs will be delisted from the NASDAQ Global Select Market and its SEC reporting obligations will be terminated.

The transaction will be financed through equity provided by Blackstone and debt financing provided by Bank of America Merrill Lynch, Citigroup Global Markets Asia and HSBC Bank USA.

Pactera Technology International Ltd., formed by a merger of equals between HiSoft Technology International Limited and VanceInfo Technologies Inc., is a global consulting and technology services provider headquartered in China.