Jurisdiction - China
China – Orrick Advises VanceInfo in USD875m All-Stock Merger with hiSoft Technology.

11 August, 2012



Orrick, Herrington & Sutcliffe LLP is representing VanceInfo Technologies Inc. in its tax-free, all-stock merger of equals with hiSoft Technology International Limited, valued at US$875 million.
The merger will create the largest China-based offshore IT services provider, this deal represents one of the largest mergers between two Chinese companies listed in the United States. VanceInfo is listed and traded on the NYSE while the stock of hiSoft is listed and traded on NASDAQ.
Under the terms of the agreement, VanceInfo and hiSoft shareholders will each own approximately 50% of the combined company. hiSoft will be the surviving listed company in the merger, and its shares will continue to be listed on the NASDAQ Global Select Market. A new name for the combined company will be announced in due course.
The Orrick team is led by Shanghai capital markets partner Jeffrey Sun and San Francisco mergers and acquisitions and private equity partner Richard Vernon Smith and includes Hong Kong mergers and acquisitions and private equity partner Maurice Hoo, Hong Kong corporate managing associate Catarina Cardoso, Shanghai corporate associate John Li, Shanghai consultant Daisy Chen, San Francisco compensation & benefits partner Juliano Banuelos, San Francisco compensation & benefits senior associate Jason Flaherty and San Francisco tax partner Grady Bolding.
For further information, please contact:
Follow Conventus Law on Twitter @conventuslaw

Leave a Reply

You must be logged in to post a comment.