The facts in this briefing are sourced from an SEC EDGAR Form 8-K filed and published on October 15, 2025.
Financial advisory roles were extensive given the multiple acquiring parties. For AvidXchange, the target, Financial Technology Partners and Barclays both acted as financial advisors. For TPG, one of the acquirers, J.P. Morgan Securities LLC, Moelis & Company, and RBC Capital Markets all acted as financial advisors. For Corpay, the other acquirer, Goldman Sachs acted as financial advisor. No lead or non-lead distinctions are specified among these advisors in the facts block.
Legal counsel also reflects the multi-party acquirer structure. For AvidXchange, Latham & Watkins LLP acted as the company's legal advisor. For TPG, Davis Polk & Wardwell LLP and Schulte Roth & Zabel LLP both acted as legal counsel. For Corpay, Eversheds Sutherland acted as legal counsel.
The facts block characterizes this transaction as a cash acquisition marking the closing of a take-private, with a joint acquiring structure involving both TPG and Corpay, but does not specify how the two acquirers are splitting ownership, financing responsibilities, or any other arrangement between them regarding the acquired company.
Several material facts are not disclosed. No expected closing date beyond the filing date is given. The facts block does not detail the relative ownership or financing split between TPG and Corpay as joint acquirers, nor does it specify the per-share price paid to AvidXchange shareholders beyond the aggregate disclosed value of $2,200,000,000.