TPG and Corpay Complete Take-Private Acquisition of AvidXchange

Corpay Acquires Alpha Group International

November 6, 2025

Payments & Fintech

Corpay completed its acquisition of Alpha Group International plc in a deal valued at about $2.4 billion. Alpha provides B2B cross-border FX solutions and global bank accounts, and Corpay expects to expand Alpha’s investment-manager relationships into the US and Asia while driving accretion beginning in 2026.

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.

Corpay Acquires GPS Capital Markets

June 19, 2024

Payments & Fintech

Corpay, a global corporate payments company, completed its acquisition of GPS Capital Markets, a business-to-business cross-border and treasury management solutions provider focused on upper middle-market companies in the U.S. Corpay also highlighted that the integration of GPS (along with Paymerang) is expected to contribute meaningfully to profit in 2025 and support scaling its Corporate Payments business.

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.

TPG Capital to Acquire Convey Health Solutions in ~$1.1B Deal

June 22, 2022

Healthcare Services

TPG Capital, the private equity platform of TPG, announced it will acquire Convey Health Solutions Holdings in a definitive merger agreement valued at approximately $1.1 billion. Under the terms, TPG Capital will buy all shares not already owned by it or certain management and director shareholders for $10.50 per share in cash, with closing expected in the second half of 2022.