AvidXchange Holdings, Inc., a leading provider of accounts payable automation software, announced Wednesday it has agreed to ...

AvidXchange to be acquired for $2.2B by TPG & Corpay offering limited upside and low-risk arbitrage potential. Find out why ...

Corpay, Inc. to acquire AvidXchange for $2.2 billion in cash, reflecting a 22% increase over recent stock price and a 16% ...

The payment software company was founded in a Charlotte coffee shop 25 years ago and went public in 2021 with a $660M IPO.

As part of the acquisition, another payments company Corpay, formerly known as FleetCor Technologies, will buy a 33% stake in the publicly-traded AvidXchange for $500 million, according to its ...

The acquisition by TPG, a global alternative asset management firm, and Corpay, a leader in corporate payments, represents a strategic move that will result in AvidXchange becoming a private entity.

The acquisition price is set at $10 per share in cash, valuing AvidXchange at $2.2 billion, and reflects a 22% increase over AvidXchange’s closing stock price of $8.20 on May 6, 2025.

The acquisition by TPG, a global alternative asset management firm, and Corpay, a leader in corporate payments, represents a strategic move that will result in AvidXchange becoming a private entity.

AvidXchange Holdings, Inc. (NASDAQ:AVDX) shares are trading higher premarket on Wednesday. On Tuesday, the company inked a deal to be acquired by Corpay, Inc. (NYSE:CPAY) and TPG Inc. (NASDAQ:TPG).