Rajah & Tann works on a massive US$90m acquisition deal

CSC Group sold their ESI business in Singapore.

Rajah & Tann described the deal as a sale and purchase of the enterprise solutions and integration (ESI) business in Singapore and Malaysia by the sellers (the CSC group) to the buyers (the Itochu group).

The firm added that for the Singapore ESI business, the Singapore target company was acquired by the buyers. For the Malaysian ESI business, the sellers undertook a restructuring exercise to spin-off the relevant ESI business assets to a new company. Buyers then acquired the new company.

The buyers were represented by R&T (as transaction counsel) and KCP (as Malaysian counsel). The sellers were represented by Baker & Mackenzie, Wong & Leow (as transaction counsel) and Wong & Partners (as Malaysian counsel).

For the buyers, the transaction represents an expansion of its global operations into the south east Asian region.

The deal team leaders are Lim Wee Hann and Tan Chon Beng from Rajah &Tann LLP, and Yon See Ting from Kamilah & Chong.

SBR: Please tell us more about the deal.

The size of the deal was US$90 million for the acquisition of 100% of the shares in CSC Automated Pte Ltd and CSC ESI Sdn Bhd.

Our clients were Itochu Techno-Solutions Corporation and Itochu Corporation, both of which are Japanese companies publicly listed on several stock exchanges in Japan.

The ultimate holding company of CSC Automated Pte Ltd and CSC ESI Sdn Bhd is Computer Sciences Corporation, a US company listed on the NYSE.

SBR: What makes the deal significant?

This was a cross border deal that involved listed companies in the US and Japan. For the acquirors, this represented a compelling opportunity for them to expand their presence in Southeast Asia and is part of their overseas expansion strategy.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia