Tax Systems Acquired by Providence Equity Partners in Strategic Deal
Deal News | Apr 02, 2025 | White & Case
Global law firm White & Case LLP advised Providence Equity Partners on their acquisition of Tax Systems from Bowmark Capital. Tax Systems, founded in 1991, is a leader in providing tax compliance digital solutions with over 1,500 clients including major multinational firms and FTSE 100 companies. Providence Equity Partners, a private equity firm with a focus on media, communication, education, and technology sectors, has invested over $36 billion in more than 175 companies since 1989. The White & Case team involved in the transaction was led by partner Richard Jones and included several other partners and associates from their London office.
Sectors
- Private Equity
- Software & IT Services
- Legal Services
Geography
- United Kingdom – Tax Systems serves major clients in the UK and is a significant player in the UK software market.
- North America – Providence Equity Partners has a focus on investments across North America.
- Europe – The acquisition involves entities with a European presence, and White & Case's London team played a key role.
Industry
- Private Equity – Providence Equity Partners is a private equity investment firm involved in the acquisition of Tax Systems.
- Software & IT Services – Tax Systems is a provider of digital tax compliance software.
- Legal Services – White & Case LLP provided advisory services for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Providence Equity Partners | Bidding Company | Company | A private equity firm focused on media, communications, education, and technology investments. |
| Tax Systems | Target Company | Company | A leading provider of tax compliance software solutions. |
| Bowmark Capital | Selling Company | Company | The private equity firm selling Tax Systems. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising Providence Equity Partners on the acquisition. |
| Richard Jones | Partner in Charge | Person | Led the White & Case team advising the transaction. |