King & Wood Mallesons advises Adcorp on Paxus acquisition

King & Wood Mallesons has advised Adcorp, South Africa’s largest employment services company, on its acquisition of Computer Sciences Corporation’s Australian IT staffing unit, Paxus.

The deal, valued at $60m, further strengthens Adcorp’s IT recruitment capability following its acquisition of South African ICT recruitment company, Paracon SA, in late 2011. Following the completion of the deal, CSC will continue a business relationship with Paxus to meet its IT staffing needs in Australia.

The King & Wood Mallesons’ team was led by partners David Eliakim and Nicole Heller who were supported by senior associate Jonathan Grant and solicitors Melissa Miller and Ashkan Kebriti.