China Oceanwide Holdings Group Co., Ltd.’s acquisition of International Data Group, Inc.

China Oceanwide Holdings Group Co., Ltd. and IDG Capital announced Jan. 19 that they have entered into a definitive agreement to acquire International Data Group, Inc. (IDG), including its subsidiaries International Data Corporation (IDC), IDG Communications and IDG Ventures. Ropes & Gray advised China Oceanwide on the deal.

Boston-based IDG is a leading global media, market research and venture company operating in 97 countries globally. China Oceanwide is a privately held, multibillion-dollar international conglomerate headquartered in Beijing, China, with diversified businesses operating in the financial services, real estate, media, technology and strategic investment sectors, and more than 12,000 employees around the world.

The transaction is expected to close in the first quarter of 2017. Upon closing, China Oceanwide will become the controlling shareholder of IDG’s operating businesses, including IDC and IDG Communications, while IDG Capital will become the controlling shareholder of IDG Ventures.

The Ropes & Gray team representing China Oceanwide included mergers & acquisitions partner James Lidbury (Picture), private equity partner Taylor Hart (Boston), mergers & acquisitions partner Jieni Gu (Shanghai), tax partner David Saltzman (Boston), executive compensation & employee benefits partner Renata Ferrari (Boston), private equity associate Grant Rauscher (Boston) and private investment funds associate Xun Zeng (Hong Kong).

Involved fees earner: James Lidbury – Ropes & Gray; Taylor Hart – Ropes & Gray; Jieni Gu – Ropes & Gray; Grant Rauscher – Ropes & Gray; David Saltzman – Ropes & Gray; Renata Ferrari – Ropes & Gray; Xun Zeng – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: China Oceanwide Holdings Group Co., Ltd.;

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Author: Ambrogio Visconti