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Paksoy Advises PwC on Sale of Global Mobility Services Business

Paksoy Advises PwC on Sale of Global Mobility Services Business

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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."

Kocian Solc Balastik at a Glance

Kocian Solc Balastik (KSB) is one of the few Czech law firms who have been on the market for over 30 years and is still independent. With a team of almost seventy legal and tax specialists operating in Prague, Karlovy Vary and Ostrava, KSB is one of the largest law firms in the Czech Republic.

Thanks to the ratings of clients and our competitors, we are a highly respected and acknowledged law firm, as evidenced by a number of prestigious awards, especially the four-time Chambers Europe Award for Excellence for the best law firm in the Czech Republic, often we have been the only purely Czech law firm among the nominees.

Our priority is to provide added value to clients. Therefore, we know the specifics of their business and adapt the proposed solutions to the client’s context, with great emphasis on professional ethics and building long-term relationships based on mutual trust and respect.

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