Moore Barlow has advised Online Payrolls, a specialist provider of outsourced payroll services to customers in the UK, on its sale to The Payroll Software and Services Group (PSSG). PSSG is private equity backed by Tenzing.
PSSG provides software and outsourcing solutions for HR, payroll and business support in the UK and international markets. Over 1,000 global clients rely on its solutions to make sure their employees get paid on time. Its technology powers over £2.5 billion salary payments a year and clients include global brands, Hiscox, Gant and HermanMiller.
The acquisition will see Online Payrolls’ customers migrate onto PSSG’s technology platform, giving them greater visibility over their payroll, improving efficiency and increasing productivity. PSSG customers will benefit from an enhanced suite of services.
The sale of Online Payrolls to PSSG is a huge step for the company in allowing it to expand and provide customers with an even greater service. We were delighted with the support provided by Jeremy, Isabelle and the rest of the Moore Barlow team – they were there every step of the way to help us close the deal in a timely and highly satisfactory manner.Nick Clarke, MD at Online Payrolls
We would like to congratulate the team at Online Payrolls and PSSG on the deal and wish them all the best for the next stage of the journey.Jeremy Over, Partner at Moore Barlow
PSSG was advised by Osborne Clarke.