Blackstone Group LP has completed the acquisition of Bermuda-based Global Sources Ltd. using the funds affiliated with the investment firm.

The deal would result in an amalgamation between Global Sources and an affiliate of funds managed by Blackstone, Expo Holdings I Ltd., according to an Aug. 28 news release.

Upon the effective date of the combination, Global Sources' issued and outstanding common share will be automatically canceled and converted into the right to receive an amount equal to $20 in cash. Global Sources also sought for the suspension of the trading of its shares on the NASDAQ Global Select Market.

Global Sources helps businesses trade with China through its GlobalSources.com marketplace, trade shows and magazines.

CVCapital Securities LLC served as the financial adviser to Global Sources' board of directors, while Cleary Gottlieb Steen & Hamilton LLP served as the U.S. legal adviser to the board, and Appleby served as Bermuda's legal adviser to the board.