K&L Gates Advises Tax Systems plc on £114 Million Recommended Cash Acquisition by Bowmark Capital
25 March 2019
Tom R. Wallace
- 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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