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News

Tpg and Corpay to take AvidXchange private

Reuters on MSN · 1d
TPG, Corpay to buy payments firm AvidXchange in $2.2 billion take-private deal
Global alternative asset manager TPG will partner with Corpay to buy payments solutions provider AvidXchange and take it private in an all-cash deal worth $2.2 billion, the companies said on Tuesday.
Accounting Today · 1d
AvidXchange to be bought by Corpay, TPG for $2.2B
The AP solutions provider has agreed to be acquired by an asset management firm and payment solutions provider, after which it will go private.
GlobalData on MSN · 1d
TPG and Corpay to take AvidXchange private in $2.2bn deal
TPG and Corpay have teamed up to acquire AvidXchange in an all-cash deal valued at $2.2bn, taking the payments firm private. The firms will pay $10.00 per share for AvidXchange, marking a 22% premium over the company’s closing price on 6 May.
1don MSN
Charlotte fintech AvidXchange sold for $2.2B to a pair of out-of-state companies
The payment software company was founded in a Charlotte coffee shop 25 years ago and went public in 2021 with a $660M IPO.
17h
AvidXchange acquisition raises questions on fintech's future in Charlotte
An option allowing one of AvidXchange’s buyers to fully acquire the company in three years raises questions about the ...
2d
Corpay Reports First Quarter Financial Results
Corpay, Inc. (NYSE: CPAY), a corporate payments company, today reported financial results for its first quarter ended March 31, 2025.

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