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Cornet Vincent Ségurel assists GlobePayroll in the sale of the absolute majority of its share capital to SD WORX

Published on 12 june 2020

Cornet Vincent Ségurel assisted GlobePayroll in the sale of the absolute majority of its share capital to SD WORX.

Cornet Vincent Segurel represented the founding partners of GlobePayroll, the French publisher of payroll management software for mid-market companies, in the context of the sale of the absolute majority of GlobePayroll's share capital to SD Worx, one of the world's leading providers of HR solutions and services.

SD Worx had acquired a 40% stake in GlobePayroll in 2018. The group increased its stake to 50.01% the following year. With this new transaction, SD Worx strengthens its control and is now a 70% shareholder in the French company, which was created at the end of 2015 as the first on the market to offer a global payroll solution entirely in the cloud.

By strengthening its stake in GlobePayroll, SD Worx can accelerate the development of its fully cloud-based payroll solution, particularly at an international level. Called Global People Services, this offering covers all aspects of administrative and payroll management and is aimed at mid-sized European markets.

 

Legal advisors:

Cornet Vincent Ségurel, assisting GlobePayroll on Corporate matters

  • Alexis Marchand, partner, Alexandra Thil, attorney

Scotto Partners, assisting GlobePayroll on Tax matters

  • Xavier Colard, counsel

Aramis Law, assisting SD Worx

  • Anne-Hélène Le Trocquer, partner, Aymeric de Mol, attorney

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