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

EQT Private Equity (EQT X fund) has signed a definitive merger agreement to acquire BTRS Holdings Inc., doing business as Billtrust, in an all-cash transaction valuing Billtrust’s equity at approximately $1.7 billion. Billtrust shareholders will receive $9.50 per share in cash, and the deal is expected to close in Q4 2022 (per the shareholder-meeting announcement) subject to customary closing conditions.