Arma Partners advises Providence Equity Partners on its acquisition of Tax Systems from Bowmark Capital

Arma Partners is pleased to announce that it has acted as financial advisor to Providence Equity Partners on its acquisition of Tax Systems from Bowmark Capital.

Founded in 1991, Tax Systems is a leading specialist provider of software and solutions which digitise the tax compliance process – enabling tax professionals to automate workflows, enhance compliance, mitigate risk and generate valuable insights from their tax function. The company now serves over 1,500 clients, including multinational enterprises, over 80% of the top UK&I accounting firms, and approximately 40% of the FTSE 100.

Since Bowmark Capital completed the take-private of the company from AIM in 2019, Tax Systems has doubled its revenue and profits. Providence’s investment will support Tax Systems’ continued platform expansion and innovation, targeting new tax and regulatory compliance solutions in existing and new geographies.

This transaction underscores Arma Partners’ deep expertise in Office of the CFO software and reaffirms our position as a trusted advisor to leading global private equity firms.