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 US 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, and Of Counsel Michael Pastore.