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AvidXchange’s financial position remains solid with $389.3 million in cash and cash equivalents as of Q1 2025, though this represents a decrease from $443.5 million in Q1 2024.
The following chart details ... growth potential. AvidXchange has demonstrated impressive growth with a 24% revenue CAGR from 2020-2024. The company also completed the acquisition of Gringo ...
AvidXchange's CEO shares insights on building a Charlotte tech giant, from pivotal decisions to strategic partnerships.
AvidXchange to be acquired for $2.2B by TPG & Corpay offering limited upside and low-risk arbitrage potential. Find out why ...
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.
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 ...
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