Acquisition of Tax Systems Plc by Bowmark Capital LLP

Deal typePrivate Equity & Transaction Services
IndustryProfessional Services & Technology & Media
Client nameBowmark Capital LLP

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 and reduce the risk of non-compliance. 

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, particularly in response to the roll-out of HMRC’s new “Making Tax Digital” initiative, which aims to modernise the way tax is reported.

“The BDO team provided us with excellent support throughout the process, adopting a robust and commercial approach to identifying the key areas of focus. Their collaborative approach meant we were kept fully informed throughout the process. It was a pleasure to work with them and I’d recommend them without hesitation.”

Fiona McCormick, Investment Manager - Bowmark