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Osborne Clarke advises Tenzing as it consolidates the HR & payroll market to form PSSG


Written on 23 September 2020

International legal practice Osborne Clarke has advised UK lower mid-market investor, Tenzing, on its growth investment in Cintra, Trace Payroll Services and UnaTerra, together the Payroll Software & Services Group (PSSG). 

PSSG provides software and outsourcing solutions for HR and payroll in the UK and international markets. Tenzing and its Entrepreneurs Panel will support PSSG in maximising its growth potential through product development, internationalisation, continued investment in sales and developing an acquisitions strategy.

Tenzing is a long-time client of Osborne Clarke. The Osborne Clarke team was led by Partner Alistair Francis and included Partner Tim Hewens and Associates Alec Bartlett, Alex Littlefield and Charles Sunley. Tax structuring support was provided by Partner David Nisbet and Senior Associate Luolan Dong.

Osborne Clarke has a strong presence and is considered a go-to practice in the UK private equity market. The team work closely with leading private equity institutions, global businesses, fast-growth start-ups and market challengers, advising across all areas including equity and debt fundraising, M&A, IPOs and JVs.