IFLR1000

Bowmark Capital £114 million acquisition of Tax Systems

25/3/2019
Public acquisition
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£ 114 million

$ 148.466 million

Announced

25/3/2019

Overview:

  • Bowman Capital has undertaken a recommended cash acquisition for Tax Systems, with the deal valuing the company at £114 million.
  • Tax Systems is a provider of corporate tax software and is listed on the London AIM market.
  • The deal was enacted via a court sanctioned scheme of arrangement. Stripes Bidco, a subsidiary of Bowmark made the all-cash offer.

Sam Duke

Jurisdiction:

United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
K&L Gates

Party: Tax Systems (Target)

Lawyers: James Cross, John Elgar, Tom R Wallace

Stephenson Harwood

Party: Bowmark Capital (Acquirer)

Lawyer: Jonathan Pittal

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