Paksoy, working with global counsel Linklaters, has advised PwC on the agreement to sell its Global Mobility Tax and Immigration Services business to US private equity group Clayton, Dubilier & Rice. Debevoise & Plimpton was global counsel to the buyer.
According to Paksoy, “the business is the global leader in employee tax, immigration, business travel, mobility managed services, and payroll solutions to multinational organizations and their employees. The transaction is expected to close in the first half of 2022.”
Paksoy’s team included Partner Elvan Aziz, Senior Associate Gulce Saydam Pehlivan, and Associate Asli Eryilmaz.
Editor's Note: After this article was published, Kocian, Solc, Balastik announced that it had advised Clayton, Dubilier & Rice on the deal. The firm's team included Partner Martin Solc, Lawyers Jakub Porod and Ota Mach, and Junior Lawyer Klara Dvorska.
Subsequently, Havel & Partners informed CEE Legal Matters that it had worked with Linklaters to advise the seller. The firm's team included Partner Jan Koval, Counsel Petra Sochorova, and Managing Associate Silvie Kiraly.
According to Clayton, Dubilier & Rice, the acquired business unit, now known as Vialto Partners, will be led by CEO Peter Clarke, who had served as Global Managing Partner of PwC Global Mobility Services. "Vialto Partners will accelerate its investment in technology and new services to create a more efficient, end-to-end mobility experience for organizations and their mobile employees."