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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 33% stake. Feel unsure about the market’s next move? Copy trade alerts from Matt Maley—a Wall Street veteran who consistently finds profits in volatile markets. Claim your 7-day free trial now.AvidXchange Holdings, Inc. AVDX shares are trading higher premarket on Wednesday. On Tuesday, the company inked a deal to be acquired by Corpay, Inc. CPAY and TPG Inc. TPG .
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 .
It also represents a 16% premium compared to the 90-day average trading price up to that date and a 45% premium over the $6.89 closing price on March 12, 2025, the last trading day before potential transaction reports began circulating in the media.
Also Read: Corpay Interests Align Well With Mastercard: Analyst
According to the agreement, Corpay will invest around $500 million for a 33% ownership stake in the privatized company.
The transaction is anticipated to be finalized in the fourth quarter of 2025, subject to shareholder and regulatory approvals and the fulfillment of customary closing conditions.
The company anticipates this transaction will positively impact Corpay’s earnings starting in 2026 .
The structure of taking AvidXchange private offers Corpay the agility to implement changes and accelerate profit expansion.
Furthermore, Corpay retains the option to acquire the remaining ownership of AvidXchange in 2028.
Ron Clarke, Chairman and CEO of Corpay said, “AvidXchange has over 8,500 highly satisfied customers in complementary verticals. It has a large merchant payment network with a combination of virtual card and ACH+ acceptance.”
”Additionally, we really like AvidXchange’s business model: diverse revenue streams from payments and software, high retention rates, and very little working capital and credit exposure.”
John Flynn, Partner at TPG added, “AvidXchange is addressing this need, providing a differentiated payment network and end-to-end tools that integrate seamlessly into workflows, enabling strong connectivity between businesses and their suppliers.”
As of March 31, 2025, Corpay’s cash and cash equivalents stood at $1.55 billion .
Investors can gain exposure to the stock via Fidelity Disruptive Finance ETF FDFF and Managed Portfolio Series Tremblant Global ETF TOGA .
Price Action: AVDX shares are up 18.41% at $9.71 premarket at the last check on Wednesday.
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AVDX AvidXchange Holdings Inc $9.70 18.3%Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
Reveal Full ScoreEdge Rankings
Momentum 27.60 Growth 81.27 Quality - Value 14.63Price Trend
Short Medium Long Overview CPAY Corpay Inc $326.29 -% FDFF Fidelity Disruptive Finance ETF $35.49 -% TOGA Managed Portfolio Series Tremblant Global ETF $30.39 -% TPG TPG Inc $46.19 -% Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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