Acquisition History / TPG in partnership with Corpay / AvidXchange Holdings, Inc.
TPG in partnership with Corpay Acquires AvidXchange Holdings, Inc.
Announced May 6, 2025 — $2.20B
What happened
AvidXchange, a Charlotte-based provider of AP automation software and payment solutions, agreed on May 6, 2025 to be acquired by TPG in partnership with Corpay for $10.00 per share in cash, a $2.2B transaction.
- Acquirer
- TPG in partnership with Corpay
- Target
- AvidXchange Holdings, Inc.
- Announced
- May 6, 2025
- Price
- $2.20B
- Industry
- Accounts payable automation
- Buyer type
- Private equity
- Backing investors
- TPG, Corpay
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did TPG in partnership with Corpay acquire AvidXchange Holdings, Inc.?
TPG in partnership with Corpay acquired AvidXchange Holdings, Inc. on May 6, 2025. This was TPG in partnership with Corpay's 1st publicly tracked acquisition out of 1 we have on record.
How much did TPG in partnership with Corpay pay for AvidXchange Holdings, Inc.?
TPG in partnership with Corpay paid $2.20B for AvidXchange Holdings, Inc..
What does AvidXchange Holdings, Inc. do?
AvidXchange, a Charlotte-based provider of AP automation software and payment solutions, agreed on May 6, 2025 to be acquired by TPG in partnership with Corpay for $10.00 per share in cash, a $2.2B transaction.
What other Accounts payable automation companies has TPG in partnership with Corpay acquired?
AvidXchange Holdings, Inc. is TPG in partnership with Corpay's only publicly tracked acquisition in Accounts payable automation so far.