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.