The EQT X fund, part of global investment firm EQT, has competed its acquisition of BTRS Holdings Inc, a B2B order-to-cash software specialist.
The EQT X fund, part of global investment firm EQT, has competed its acquisition of BTRS Holdings Inc (Billtrust), a B2B order-to-cash software specialist.
The transaction was announced on 28 September, 2022, and received shareholder approval on 13 December, 2022.
Under the terms of the deal, Billtrust shareholders will receive $9.50 per share in cash. With the completion of the acquisition, Billtrust’s common stock has now ceased trading and will no longer be listed on the Nasdaq.
JP Morgan Securities LLC served as exclusive financial advisor to Billtrust, and Davis Polk & Wardwell LLP acted as legal counsel to Billtrust.
Evercore served as financial advisor to EQT, and Weil, Gotshal & Manges LLP acted as legal counsel to EQT.
