Clayton, Dubilier and Rice To Acquire PwC's Global Mobility Tax and Immigration Services Business

Transaction Will Create Independent Leader in Global Mobility Tax and Immigration Services for Multinational Organizations

Clayton, Dubilier & Rice and PwC have announced an agreement under which CD&R funds will acquire PwC's Global Mobility Tax and Immigration Services business. The transaction creates the global leader in employee tax, immigration, business travel, mobility managed service, and payroll solutions to multinational organizations and their employees. Terms of the transaction were not disclosed.

The Global Mobility Tax and Immigration Services business serves more than 3,000 multinational clients worldwide. The business helps organizations manage global talent mobility, while providing personalized, high-quality tax and immigration services to cross-border employees, as they navigate compliance issues associated with global employment. The transaction will create a free-standing, global platform with more than 5,700 professionals hyper-focused on a seamless cross-border experience for clients, while accelerating investment in technology and new services.