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London’s Clifford Chance Grows U.S. Tax Law Bench With N.Y. Hire

Nov. 22, 2021, 8:41 PM

U.K. Magic Circle law firm Clifford Chance is growing its U.S. tax, pensions and employment practice with the addition of tax specialist Paul Seraganian as a partner in its New York office.

The practice group has advised a number of notable clients, including private equity group Ardian in a $525 million acquisition of DXC Technology’s healthcare software provider business.

Clifford Chance is among the four elite London firms, known as the Magic Circle, that reported record financial results last year and in 2019. The firm and its London-based law firm competitors have been expanding in the United States.

“As we observe the continued internationalization of business and investment transactions and the related increase in the complexity of these transactions and client structures, Paul’s arrival to the firm further secures our ability to provide first-class advice on critical tax issues,” said David Moldenhauer, Clifford Chance’s tax, pension and employment practice head, in a statement.

Seraganian had been with law firm Osler, Hoskin & Harcourt as office managing partner. His practice focused on cross-border mergers and transactions, financings and acquisitions. He also has experience advising clients on tax-free and taxable reorganizations and acquisitions.

He said, in a statement, that he sees “continued growth in the region” and “an incredible opportunity to work alongside some of the most respected attorneys in the market.”

In addition to the DXC Technology acquisition by Ardian’s investee company, the Dedalus Group, Clifford Chance’s U.S. tax, pension and employment practice has handled other major transactions in the Americas, including advising a bank syndicate on Colombia’s first multi-source refinancing of a 4G toll road, Alto Magdalena.

The firm also has been involved in the formation of Clean Energy Infrastructure X, a targeted $500 million portfolio of private equity fund interests, and a series of U.S. acquisitions by alterDomus and its private equity sponsor, Permira, aimed at making it one of the three largest private asset services providers for U.S. alternative asset managers. Clifford Chance further advised on a $1 billion bond issuance by the Republic of Guatemala and Petroperu’s $1 billion note issuance for Talara Refinery Modernization Project.

To contact the reporter on this story: Elizabeth Olson at egolson1@gmail.com
To contact the editor on this story: Chris Opfer at copfer@bloombergindustry.com

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