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In the News

Japan's NTT Data Buys Dell's IT Services Business in $3.06 Billion Deal

As mentioned by: Bloomberg, American Lawyer, The Recorder
March 29, 2016

Pillsbury advised Japan-based NTT Data Corp. in its purchase of Dell Inc.’s IT services arm, Dell Systems; the $3.06 billion deal was announced Monday. Bloomberg reports that the transaction is NTT Data’s largest acquisition and that Dell is likely divesting some assets before its reported $67 billion acquisition of EMC Corp, a provider of software and storage systems. NTT’s strategy is to expand its sales into the United States and other foreign markets amid an economic slowdown in Japan, and Dell Services’ ownership of Perot Systems, which has a wide range of government contracts across the health care, defense and education sectors, will support that goal.

In a statement released Monday, NTT said that, in addition to strengthening its operations in the U.S., the acquisition will help expand its cloud service and outsourcing business; NTT will retain Dell Systems’ 28,000 employees, who are primarily located in the U.S. and India.

San Francisco Corporate & Securities partner Blair White led the Pillsbury team, which also included Corporate partner Patrick Devine and associates Melisa Olmos, Corey Harris and Katherine Vorhis; Tax partner Julie Divola and counsel Nora Burke; Real Estate partner Glenn Snyder, counsel Noa Clark and associate Kevin Webb; Antitrust & Competition senior counsel Chuca Meyer; Intellectual Property partner David Jakopin, counsel Ian Schick and associates Matthew Stephens and Kirsten Gallacher; Executive Compensation & Benefits partners Howard Clemons and Peter Hunt, counsel Kathleen Bardunias and associates Justin Krawitz and Matthew Ryan; Environmental, Land Use & Natural Resources partner Jeffrey Knight and senior law clerk Brendan Hennessey; Government Contracts partners John Jensen and Stephan Becker and associate Selena Brady; Finance partner Philip Tendler; and Litigation partner Andrew Lanphere. Also on the team were Global Sourcing partner Mario Dottori, associates David Johnson, Kelley Bledsoe, Sean Williamson, Rich Jones, Sarah Atkinson and consulting manager Kari Anderson.

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