EQT Private Equity to Acquire Billtrust (BTRS) for $1.7 Billion

Billtrust Acquires iController

October 12, 2021

Cloud & SaaS

Billtrust (NASDAQ: BTRS) acquired iController, a Belgium-based SaaS collections management provider, for $58 million in a cash transaction. The deal expands Billtrust's presence in Europe and enhances its global collections and AR automation capabilities, with iController's team continuing to operate from Ghent and Amsterdam.

Billtrust Acquires Order2Cash

February 15, 2022

Cloud & SaaS

Billtrust has acquired Netherlands-based Order2Cash, a B2B order-to-cash platform provider, to expand its European footprint and broaden its Business Payments Network (BPN). Order2Cash's enterprise customer base and connections to 70+ B2B and B2G e-invoicing networks will be integrated into Billtrust's SaaS AR automation and payments platform; the Order2Cash team will continue operating from Amsterdam, Joure, Krakow and New York.

Blackstone to Acquire QTS Realty Trust in ~$10 Billion All-Cash Transaction

June 7, 2021

Infrastructure

QTS Realty Trust and Blackstone announced they entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and other perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of QTS for $78.00 per share in an all-cash transaction valued at approximately $10 billion, including assumed debt. The transaction is expected to close in the second half of 2021, subject to stockholder approval and customary closing conditions.

EQT Mid Market Asia Takes 10% Stake in VBill

February 13, 2019

Financial Services

EQT Mid Market Asia (through its Mid Market Asia III fund) agreed to acquire a 10% primary equity stake in VBill, a Beijing-based third-party payment service provider and merchant acquirer in China. The minority investment will support VBill's continued SME and lower-tier city expansion, development of fintech-enabled consumer lending and potential international growth alongside VBill's founding management and parent Hi Sun Technology.

Rocket Companies to Acquire Truebill for $1.275 Billion

December 20, 2021

Payments & Fintech

Rocket Companies (NYSE: RKT) entered into an agreement to acquire Truebill, a personal finance app, for $1.275 billion in cash. The acquisition is expected to close before the end of 2021 and is intended to expand Rocket’s fintech ecosystem by adding financial wellness services that deepen consumer engagement between major real estate and financial transactions.

BPEA EQT Merges Vistra and Tricor to Create $6.5B Global Fund and Corporate Services Platform

July 28, 2023

Professional Services

BPEA Private Equity Fund VIII (BPEA EQT) has completed the merger of Vistra and Tricor, creating a combined fund and corporate services platform valued at an enterprise value of US$6.5 billion and employing over 9,000 professionals across 50+ jurisdictions. The transaction consolidates complementary capabilities (fund administration, corporate secretarial, HR/payroll, trust and fiduciary services) to drive further organic and inorganic growth, with an emphasis on Asia as a core growth region.