Secondary Buyout • Software

Providence Equity Partners Acquires Tax Systems

On April 1, 2025, private equity firm Providence Equity Partners acquired software company Tax Systems from Bowmark Capital

Acquisition Context
  • This is Providence Equity Partners’ 16th transaction in the Software sector.
  • This is Providence Equity Partners’ 10th transaction in the United Kingdom.

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M&A Deal Summary

Date April 1, 2025
Target Tax Systems
Sector Software
Buyer(s) Providence Equity Partners
Sellers(s) Bowmark Capital
Deal Type Secondary Buyout
Advisor(s) Arrowpoint Advisory (Financial)
Burness Paull (Legal)

Target Company

Tax Systems

Staines-upon-Thames, United Kingdom
Tax Systems is a provider of corporate tax software and services in the UK and Ireland. Tax Systems solutions automate the end-to-end tax compliance process and are used by over 900 large corporations, as well as 23 of the top 25 UK accounting firms. Tax Systems was founded in 1991 and is based in Staines-upon-Thames, United Kingdom.
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Buyer Overview 1

Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


Deal Context for Buyer #
Overall 135 of 137
Sector: Software 16 of 16
Type: Secondary Buyout 38 of 40
Country: United Kingdom 10 of 10
Year: 2025 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 TAIT

Lititz, Pennsylvania, United States

TAIT is a provider of advanced creative and engineering solutions to the live entertainment industry. It provides end-to-end solutions to design, construct, manufacture and operate custom-built concert touring and permanent installation experiences. TAIT was founded in 1978 and is based in Lititz, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-21 Rock-It

New York, New York, United States

Rock-It is a provider of freight forwarding and logistics to the music touring, fine arts, sports & live events, film & TV production, corporate events, and industrial projects end markets through its family of affiliated brands including Rock-it Global, Dietl, Cosdel, CargoLive, and Dynamic International. Rock-It was founded in 1978 and is based in New York, New York.

Buy -

Seller Profile 1

SELLER

Bowmark Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Bowmark Capital is a private equity firm that targets investments in smaller, growth-oriented companies based in the UK. Bowmark considers investments across a range of industries with a strong interest in Business & Financial Services, Consumer & Leisure, Education & Training, Healthcare, Media, and Technology. Bowmark funds individual equity investments of up to £200 million and focuses on investing in UK companies which are valued between £25 million and £300 million. Bowmark was formed in 1997 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 31 of 33
Sector: Software 2 of 2
Type: Secondary Buyout 17 of 18
Country: United Kingdom 29 of 31
Year: 2025 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-26 Transparity

Wokingham, United Kingdom

Transparity provides a full range of Microsoft cloud solutions to support UK large corporates and enterprises. Transparity provides advice, implementation services, and training with regard to digital transformation projects and migration to Microsoft 365 and Azure services. Transparity was established in 2015 and is based in Wokingham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-05 IWSR

London, United Kingdom

IWSR is a database service that covers the alcoholic drinks market. IWSR’s specialist analysts travel the world, visiting 120 markets annually, in order to meet over 1,600 local professionals and its data covers 157 markets in total. IWSR was founded in 1971 and is based in London, United Kingdom.

Sell -