Deal Description: On March 28, 2022, Azimo, the global digital cross-border payments service, announced its sale to Papaya Global, the global people management platform.

The deal brings together Papaya’s deep expertise in remote workforce management technology with Azimo’s long experience building digital cross-border payment networks to move money quickly and smoothly around the world.

The acquisition is subject to standard closing conditions, including regulatory approval.The two companies will continue to operate independently until closing. All Azimo employees will join Papaya.

Baker Botts represented Azimo.

For more information please see the following link.

Baker Botts Lawyers/Office Involved:

Corporate: David Marshall (Partner, London), Costa Smith (Senior Associate, London), David Adler (Senior Associate, New York), Sonia Namutebi (Associate, London).

Employment & Pensions: Sheena McCaffrey (Special Counsel, London).

Financial Services Regulatory: Dan Jones (Special Counsel, London)

IP: Neil Coulson (Partner, London)

Real Estate: Melanie Henson (Special Counsel, London)

Tax: Jon Lobb (Partner, Houston), Graham Brough (Special Counsel, London)

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