Allens has advised global IT services provider, Computer Sciences Corporation (CSC), on the $427.6 million acquisition of UXC Ltd (UXC), Australia's largest publicly-owned IT services company.
CSC acquired 100 per cent of UXC by way of a scheme of arrangement. CSC made an initial non-binding proposal in October last year and a scheme implementation deed was entered into between the parties on 25 December 2015. The scheme received overwhelming shareholder support and was implemented on 26 February this year.
UXC is a leader in mid-market enterprise applications, IT consulting and professional services. The acquisition advances CSC's global growth strategy and builds on the momentum created with the recent spin-off of CSC's US public sector business.
CSC is now one of the region's largest IT services companies and is well positioned to become a pure-play leader in digital transformation.
Lead Partner on the deal Vijay Cugati said Allens was delighted to be chosen, reflecting its experience in significant public deals in the Australian M&A market, as well as its deep understanding of the local TMT sector.
'We were very pleased to have represented CSC on this deal and were delighted to work closely with the CSC legal team, both in the US and here in Australia. It is a further example of Allens' expertise in cross-border public M&A transactions for our clients,' Vijay said.
Allens legal team
Partners: Vijay Cugati; Richard Kriedemann and Kim Reid; Senior Associate: Amit Jois; Associate: Priyanka Nair; and Lawyers: Kimberley Chikitch and Tyler Drayton.
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.