Mintz Advises International Data Group in its $1.3 Billion Sale to Blackstone
Mintz served as legal advisor to International Data Group, Inc. (IDG), a market intelligence and data platform for the technology industry, in its recently completed sale to private equity funds managed by Blackstone (NYSE:BX) from prior owner Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. (China Oceanwide) for an enterprise value of $1.3 billion. Mintz also represented Oriental Rainbow and China Oceanwide on the U.S. portion of the transaction.
For over five decades, IDG has provided market intelligence for the fast-growing technology industry, delivering proprietary insights and data for technology suppliers and buyers. The company operates two subsidiaries, International Data Corporation (IDC) and IDG Communications (IDGC), focused on delivering proprietary data, innovative platforms, and trusted content for the $5 trillion technology industry. IDC is a premier global provider of market intelligence data and research for the IT, telecommunications, and consumer technology markets. IDGC combines a proprietary marketing technology platform and a global portfolio of leading editorial brands.
The multidisciplinary Mintz team that advised IDG was led by Mintz Members Robert Kidwell and Ivan Presant and included Members David Lagasse, Joseph Price, Scott Pinarchick, and Jason Halperin, Special Counsel Farrah Short, Of Counsel Michael Pastore, and Associates Satuti Aggarwal, Daniel Bosworth, Evelyn French, Tinny Song, and Caitlin Hill.
Mintz’s Mergers & Acquisitions Practice includes an interdisciplinary group of more than 100 professionals from many areas of specialization, including corporate, tax, intellectual property, employee benefits, environmental, regulatory, real estate, antitrust, and others. The firm’s portfolio of successful deals includes transactions of virtually every size and type, from large public-to-public mergers to sales of private venture-backed businesses to negotiated and contested transactions and domestic, international, and cross-border transactions.