PRESS RELEASE
8 April 2025

A&O Shearman Advises Providence On Acquisition Of Tax Systems

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
A&O Shearman advised Providence Equity Partners (“Providence”), a specialist private equity investment firm focused on growth-oriented media, communications...
United Kingdom

A&O Shearman advised Providence Equity Partners ("Providence"), a specialist private equity investment firm focused on growth-oriented media, communications, education and technology companies, on the financing for its acquisition of Tax Systems, the global tax and accounting software provider, from Bowmark Capital ("Bowmark"), the private equity firm specialising in technology, data and service companies.

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.

Providence's investment will support Tax Systems' continued platform expansion and innovation, targeting new tax and regulatory compliance solutions in existing and new geographies.

The A&O Shearman team was led in London by sponsor side leveraged finance partner Nick Hallam and associate Jack Mellett.

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.

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