TPG and Corpay finalize $10 per share acquisition of AvidXchange

Written by Emily J. Thompson, Senior Investment Analyst

AVDX%

Updated: Oct 15 2025

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Acquisition Details: AvidXchange has been acquired by TPG and Corpay for $10.00 per share, resulting in the company being valued at approximately $2.2 billion and transitioning to a private entity.
Future Plans: CEO Mike Praeger expressed enthusiasm for the company's growth, emphasizing plans to enhance innovation, improve customer solutions, and leverage the resources from TPG and Corpay to expand their platform and transform the accounts payable process.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

TPG and Corpay finalize $10 per share acquisition of AvidXchange

About the author

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