Following the announcement of a definitive acquisition deal, AvidXchange Holdings, Inc. (NASDAQ: AVDX) shares are gaining momentum. The announcement that AVDX will be bought by TPG Inc. (NASDAQ: TPG), a worldwide investment firm, in partnership with Corpay, a pioneer in corporate payments, its stock price surged 18.54% to $9.72 in pre-market trading.
Deal to Take AvidXchange Private
According to the deal, AvidXchange will be acquired by TPG and Corpay in an all-cash transaction at a share price of $10.00, bringing the company’s total enterprise value to almost $2.2 billion. When compared to AVDX’s closing share price of $8.20 on May 6, 2025, this transaction offers a 22% premium.
After the deal, TPG Capital will own the majority while Corpay will hold a minority stake. AvidXchange will gain operational and strategic flexibility as a result of the deal since it will become a privately held company.
Innovation and Scalable Development in Mind
The acquisition is expected to unlock long-term growth potential for AVDX by bolstering its investment capacity and expanding its technological capabilities.The partnership with TPG and Corpay is set to enhance the company’s ability to deliver advanced, integrated payment solutions that streamline business operations.
For over two decades, AvidXchange has built a reputation in accounts payable (AP) automation and payment software, serving more than 8,500 mid-market businesses across the U.S.
Advancing AP Automation Across Industries
Businesses are looking for more efficient and secure financial procedures, which is driving up demand for automated accounting systems. The end-to-end platform from AvidXchange, which is renowned for its smooth workflow integration and robust supplier connection, is in a good position to meet this demand.
TPG, which has long been interested in AP automation, believes that as a private firm, the company has a lot of room to grow and develop. The strategic alignment with Corpay’s corporate payments infrastructure is also expected to enhance AVDX’s value proposition within the evolving fintech ecosystem.
