Latham & Watkins Advises on Financing for Xerox’s Completed US$1.5 Billion Acquisition of Lexmark

On July 1, 2025, Xerox Holdings Corporation (NASDAQ: XRX) closed its acquisition of Lexmark International, Inc., from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre in a deal valued at US$1.5 billion. This acquisition strengthens the Xerox core print portfolio and builds a broader global print and managed print services business better suited to meet the evolving needs of clients in the hybrid workplace.

Latham & Watkins LLP represented the financing sources in the transaction with a team led by partners Marc Jaffe, Ian Schuman, Jesse Sheff, and Andrew Baker, and counsel Seung-Ju Paik. Advice was also provided on banking matters by associates Sharon Yin, Amishi Magdani, and Chi-Emeka Egwuagu; on capital markets matters by associates Giulia Franzoso, Emma Fichtel, and Skye Lee; and on tax matters by partner Bora Bozkurt, with associate Sam Yang.