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Global alternative asset manager TPG will partner with Corpay to buy payments solutions provider AvidXchange and take it ...
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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.
AvidXchange Holdings, Inc. (NASDAQ:AVDX) shares are trading higher premarket on Wednesday. On Tuesday, the company inked a ...
TPG and Corpay have agreed to acquire AvidXchange, a Charlotte, North Carolina-based provider of accounts payable automation software and payment solutions, in a $2.2 billion take-private deal.
Shares of AvidXchange soared Wednesday, a day after TPG and Corpay agreed to buy the company in a $2.2 billion deal. The stock was recently up 18.5% to $9.72, approaching the $10 a share cash offer ...
The payment software company was founded in a Charlotte coffee shop 25 years ago and went public in 2021 with a $660M IPO.
Corpay and TPG will acquire AvidXchange for $10 per share in cash, valuing it at $2.2 billion. The acquisition offers a 22% premium over AvidXchange's previous closing price, with Corpay taking a ...
AvidXchange (Nasdaq: AVDX), a provider of accounts payable (AP) automation software and payment solutions for middle market ...
A pair of out-of-state companies, TPG and Corpay, are the buyers ... day before media reports of a potential deal involving the company surfaced. AvidXchange, an accounts payable automation ...