TPG) and corporate payments company Corpay (NYSE:CPAY) agreed to acquire AvidXchange (NASDAQ:AVDX) for $10.00 per share in a cash deal valued at $2.2B. In after-hours trading, AVDX surged 18% ...

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% ...

(Reuters) -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 ...

AvidXchange is being acquired for $2.2B in cash by TPG and Corpay, both credible buyers, increasing deal certainty. AvidXchange's core business is accounts payable automation, a mission-critical ...

TPG will acquire a majority interest in AvidXchange through its U.S. and European private equity platform, TPG Capital, while Corpay will obtain a minority stake.

AvidXchange ... TPG in a transaction that values the business at $2.2 billion, according to a Tuesday press release from the two companies. As part of the acquisition, another payments company ...

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 ...

TPG, which has around $246 billion in assets under management, just announced its last 10-figure deal. The investment firm is teaming up with a publicly traded fintech to buy AvidXchange ...

Once the deal is finalized, AvidXchange will become a privately held company. © 2025 American City Business Journals. All rights reserved. Use of and/or registration ...

The deal, which helps the two payments firms scale up operations, sent AvidXchange's shares soaring about 20% in extended trading. Sign up here. Under the agreement, TPG and Corpay have agreed to ...

AvidXchange to go private in $2.2 billion TPG, Corpay deal ...