WY advises Loctax on their sale to Tax Systems

Date

October 2025

Sectors

Software

Deal Type

Merger/Acquisition

Our Role

Sell side & fundraising

About Loctax

Loctax is the first AI Tax Control Centre for global tax operations. It gives in-house finance and tax teams one place to manage global tax obligations, monitor KPIs and orchestrate collaboration in an autonomous and secure platform that helps teams stay ahead of surprises. With Loctax, teams centrally manage workflows with clear roles and responsibilities. Legal, tax and financial data is captured and stored, leaving a guaranteed audit trail. Built-in AI uses company-specific data with trusted tax regulatory content to give accurate answers and practical support. It classifies documents and extracts data in multiple languages and links them to the right entity and period. Agents can manage incoming emails and create tasks to execute. The result is solid compliance, stronger control and effective business support, putting tax in a strategic seat. Founded in 2020 in Belgium and backed by Europe’s leading VCs, including Index Ventures, Seedcamp and NAP.vc, Loctax serves customers from high-growth innovators to the world’s biggest enterprises.

About Tax Systems

Tax Systems, a Providence Equity Partners (“Providence”) backed business, is a global multi-tax compliance SaaS provider, with market-leading solutions across the UK, Ireland, Europe, and the UAE. Its solutions digitise tax processes and revolutionise compliance operations, enabling tax professionals to create better opportunities and generate valuable insights from their tax function while also mitigating risk. Translating complex, ever-changing tax legislation into intuitive solutions, customers can trust that their calculations will be right, first-time, every time. Founded in 1991, Tax Systems has over 30 years’ experience and works with over 42% of the FTSE 100 and 80% of the top advisory firms in the UK and Ireland, where more than 30,000 tax professionals are trained to use their solutions, filing over 200,000 submissions every year.

About the deal

Loctax, the first AI-powered tax control centre for global tax operations, has been acquired by Tax Systems, a Providence Equity-backed provider of multi-tax compliance software. Founded in 2020 and backed by Europe’s leading venture capital investors, Loctax has rapidly grown to serve some of the world’s most sophisticated tax teams with its collaborative compliance, risk, and governance platform.

By joining forces with Tax Systems, Loctax will combine its category-defining control centre with Tax Systems’ market-leading calculation engines for corporate tax, VAT, Pillar Two, and other complex obligations. The integration will create a comprehensive, end-to-end SaaS platform, enabling tax and finance teams to automate compliance, strengthen oversight, and centralise data across jurisdictions.

The deal marks a major milestone in Tax Systems’ global expansion strategy, significantly enhancing its position in the European tax SaaS market. Loctax will continue to operate under its own brand as “a Tax Systems company” during the transition, ensuring continuity for customers while unlocking new capabilities and scale through the combined offering.

Our work

We acted as the exclusive sell-side adviser to the founders and shareholders of Loctax on their sale to Tax Systems.

We are very grateful to have had the support and guidance of WY Partners through this transaction. WY worked through each stage of the process tirelessly and professionally to ensure we were kept well informed and able to make all the important decisions, without becoming distracted from the daily business operations. We are delighted with the outcome and would strongly advise other founders to use their services.

Stevi Frooninckx

CEO & Co-founder

Loctax

Deal team