Transaction
Transaction Details
Closed
March 25, 2019
Sector
Technology, Software
Deal Type
Mergers and Acquisitions
GCA Advises Bowmark Capital on the Public-to-Private Takeover of Tax Systems
GCA is pleased to announce we advised private equity firm Bowmark Capital on its acquisition of Tax Systems Plc, a leading provider of tax software and services for corporations in the UK and Ireland. Tax Systems was listed on AIM, the London Stock Exchange’s international market for growing companies.
Founded in 1991, Tax Systems’ portfolio of solutions automates the end-to-end tax compliance process, enabling the company’s clients to increase the accuracy of their tax reporting, reduce the risk of non-compliance and free tax professionals to focus on delivering more value to their business.
Bowmark is investing alongside the current management team to support the company’s continued expansion. The Bowmark investment will also enable the company to accelerate the development of new products and services.
Bowmark managing partner Charles Ind said: “We have been tracking the company for a number of years and are delighted to be supporting [Tax Systems CEO] Gavin Lyons and his team. Tax Systems has an enviable position as a trusted partner to the majority of the UK’s largest corporates and accounting firms. We look forward to supporting the team as they capitalize on the opportunities arising from the digitalization of tax compliance.”
GCA acted as exclusive financial advisor to Bowmark in connection with this transaction.
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