Banking Recap

AvidXchange Holdings, Inc. to Be Acquired

This deal involves AvidXchange Holdings, Inc., a technology-sector company, as the target in a cash merger backed by a sponsor and strategic consortium, namely an affiliate of TPG and Corpay, Inc. (referred to as Arrow Borrower 2025, Inc.). The transaction falls under the M&A product group, and its disclosed value is not stated in the source document.

Aug 15, 2025·SEC EDGAR (DEFM14A)·pending regulatory·cash merger (sponsor/strategic consortium)

The facts are sourced from a DEFM14A filing with the SEC via EDGAR, published August 15, 2025. The deal's status is pending regulatory, indicating it had not yet closed as of that filing.

Only one financial advisor is disclosed in the record: Barclays Capital Inc., which served as financial advisor to the target, AvidXchange, and is designated lead on that side. The source sentence provided is simply the heading "Opinion of Barclays Capital Inc.," indicating Barclays rendered a fairness opinion in connection with the transaction, though the substantive content of that opinion is not included in the facts block. No financial advisor is named for the acquiring consortium (TPG/Corpay affiliate) side.

No legal advisors are identified in the facts block for either the target or the acquiring consortium.

Beyond classifying the transaction as a cash merger involving a sponsor and strategic consortium, the facts block does not specify the per-share cash price, financing sources, or any other structural terms.

A number of material facts are not disclosed in this record. The transaction's dollar value is not stated. No legal advisors are named for either side. No financial advisor is identified for the acquiring consortium, and no expected closing date is given.