09:59 AM EDT, 10/15/2025 (MT Newswires) -- AvidXchange ( AVDX ) said Wednesday that private equity firm TPG (TPG) and financial services company Corpay ( CPAY ) had completed the previously announced acquisition of the payments automation company for $10 per share.

The deal transformed AvidXchange ( AVDX ) into a privately held company valued at $2.2 billion, AvidXchange ( AVDX ) said.

Under the terms of the transaction, TPG acquired a majority stake through its TPG Capital platform, while Corpay ( CPAY ) acquired a minority stake, AvidXchange ( AVDX ) said.

AvidXchange ( AVDX ) said its shares have ceased trading and the company is no longer publicly listed on the Nasdaq Global Select Market.