Plural supports Providence Equity Partners investment into Tax Systems

Providence Equity Partners, a specialist private equity investment firm focused on growth-oriented media, communications, education and technology companies, has acquired Tax Systems, the global tax and accounting software provider, a portfolio company of Bowmark Capital.

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, >80% of the top UK&I accounting firms, and approximately 40% of the FTSE 100.

Plural is delighted to have supported Providence in its commercial evaluation of Tax Systems. The Plural team was led by Jonathan Dufton, Bart Vervoort and Tsing Wey Tan.

For more information on this deal please click here.