Billtrust shareholders will obtain $9.50 per share in money, a greater than a 64% premium above the closing share value of $5.77 on 27 September 27.
Based in 2001, Billtrust supplies cloud-based software program and built-in fee processing options which are designed to simplify and automate B2B commerce.
The agency went public early final yr through a Spac deal however has seen its share value fall practically 70% from a February 2021 peak.
Information of the deal despatched shares hovering practically 60% to over $9 morning buying and selling.
Flint Lane, CEO, Billtrust, says: “We imagine B2B funds and accounts receivable proceed to be ripe for enormous disruption and innovation, and our partnership with EQT will present us with better sources and adaptability to construct on our management place.”,B2B order-to-cash outfit Billtrust has agreed to be acquired by EQT Personal Fairness in an all-cash deal valuing its fairness at practically $1.7 billion.,
