TPG and Corpay Acquire AvidXchange

Corpay Acquires Alpha Group International for $2.4 Billion

November 6, 2025

Payments & Fintech

Corpay, Inc. (NYSE: CPAY) has completed the $2.4 billion acquisition of Alpha Group International plc, a UK/Europe-based provider of cross-border FX solutions and global bank accounts for corporations and investment funds. The transaction expands Corpay’s cross-border payments and treasury capabilities and was financed in part by an increased revolving credit facility and a new $900 million Term Loan B.

Corpay Acquires Paymerang from Aldrich Capital Partners

May 8, 2024

Payments & Fintech

Corpay (NYSE: CPAY) has agreed to acquire Paymerang, a Richmond, Virginia-based provider of accounts payable automation and payment solutions, from Aldrich Capital Partners. The acquisition expands Corpay's B2B payments and AP automation capabilities across education, healthcare, hospitality, and manufacturing end markets; the deal is expected to close in Q2 2024 subject to regulatory approvals.

Corpay Acquires GPS Capital Markets

June 19, 2024

Payments & Fintech

Corpay, Inc. (NYSE: CPAY) has completed the acquisition of GPS Capital Markets, LLC, a business-to-business cross-border payments and treasury management provider. The deal expands Corpay's cross-border capabilities, adds FX netting technology and specialist teams, and will increase the company's corporate payments revenue and customer reach while Corpay also completed the divestiture of Comdata Merchant POS Solutions to PDI Technologies.

Symphony Technology Group (STG) Acquires Avid Technology

November 7, 2023

Software

An affiliate of Symphony Technology Group (STG) completed an all-cash acquisition of Avid Technology for approximately $1.4 billion, taking the media and entertainment software company private. Avid stockholders received $27.05 per share; Avid will remain headquartered in Burlington, Massachusetts, and STG said it will support accelerated innovation and growth.

Paychex Acquires Paycor for $4.1B

January 7, 2025

Cloud & SaaS

Paychex, Inc. has completed the all-cash acquisition of Paycor HCM, Inc. for $22.50 per share, representing approximately $4.1 billion of enterprise value. Funds advised by Apax Partners (the majority Paycor shareholder) and other Paycor stockholders sold their interests; Paychex expects more than $80 million in annual cost synergies and expanded upmarket and revenue opportunities from the combined HCM offerings.

Abrigo Acquires TPG Software

March 27, 2024

Software

Abrigo has acquired TPG Software, a Houston-based provider of investment accounting and management solutions for financial institutions. The deal expands Abrigo's technical accounting, risk management, and reporting capabilities to better serve banks, credit unions, broker-dealers, and other financial institutions.