PE Deals

EQT completes take-private buyout of B2B software firm Billtrust

According to terms of the deal, Billtrust shareholders will receive $9.50 per share in cash.

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  • When the deal closes, Billtrust will stop trading on the NASDAQ
  • J.P. Morgan Securities LLC served as financial advisor to Billtrust while Evercore served as financial advisor to EQT
  • EQT has 114 billion euros in assets under management

EQT Private Equity has closed its take-private deal of Lawrenceville, New Jersey-based Billtrust, a B2B software firm. According to terms of the deal, Billtrust shareholders will receive $9.50 per share in cash.

When the deal closes, Billtrust will stop trading on the NASDAQ.

J.P. Morgan Securities LLC served as financial advisor to Billtrust while Davis Polk & Wardwell LLP acted as legal counsel.

Evercore served as financial advisor to EQT, with Weil, Gotshal & Manges LLP providing legal counsel.

EQT has 114 billion euros in assets under management