K&L Gates Advises Tax Systems plc on £114 Million Recommended Cash Acquisition by Bowmark Capital

25 March 2019
London - A team of lawyers from global law firm K&L Gates LLP has advised AIM-listed Tax Systems plc in connection with its recommended cash acquisition by Stripes Bidco Limited, a wholly-owned subsidiary of funds advised by Bowmark Capital and its affiliates.

K&L Gates also advised certain managers of Tax Systems plc on their roll-over/investment into Stripes Topco Limited, the ultimate holding company of Stripes Bidco Limited.

Tax Systems is a leading provider of corporation tax software and services in the UK and Ireland. Bowmark Capital is an independent UK private equity investment firm with approximately £1.5 billion of funds under management and advice.

London partners Tom Wallace, James Cross, and John Elgar led the K&L Gates team that advised on the matter.

The transaction values Tax Systems plc at approximately £114 million.

Tax Systems’ CEO Gavin Lyons said: “It has been an absolute pleasure working with the K&L Gates team to execute this transaction. Tom and his team have consistently proven to be professional, knowledgeable, and committed to our business; they have been a true partner and we are grateful for their invaluable contribution.”
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