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 ...

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 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.