TPG & Corpay Complete Acquisition of AvidXchange

CHARLOTTE, N.C., Oct. 15, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (“AvidXchange” or the “Company”) (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions, today announced that TPG and Corpay have completed their previously announced acquisition of the Company for $10.00 per share. The acquisition established AvidXchange as a private company valued at approximately $2.2 billion.