Bowmark-backed Tax Systems acquires international software provider TaxModel with support from GCS

GCS (formerly, GRAPH Strategy) is pleased to have provided Commercial Due Diligence to Tax Systems on its acquisition of TaxModel, the Dutch tax technology company specialising in international compliance and reporting solutions.

Founded in 2011 and headquartered in the Netherlands, TaxModel has built a strong reputation for its standardised international tax compliance technology. Its SaaS platform supports more than 300 multinational and intermediary customers across 25 countries, enabling over 6,000 tax professionals worldwide to accelerate workflows, increase transparency and ensure compliance across tax provisioning, transfer pricing and regulatory reporting.

Tax Systems, backed by Bowmark Capital, is the leading provider of tax compliance software in the UK and Ireland and is trusted by over 40% of the FTSE 100 and 80% of the top advisory firms. Its flagship product, Alphatax, is the market leader for enterprise corporation tax compliance. The acquisition of TaxModel significantly broadens Tax Systems’ product suite and global reach, enhancing its ability to serve multinational customers with a comprehensive, technology-driven tax platform.

GCS’s work on the transaction focused on assessing TaxModel’s market position, client base, and product portfolio, as well as the strategic fit with Tax Systems’ existing solutions and international expansion plans.

The GCS team on the transaction was led by James Tetherton and Matt Harrison, working alongside Bruce Martin (CEO, Tax Systems), Hank Moonen (Founder, TaxModel) and the teams at Tax Systems and Bowmark Capital.