EQT X takes Billtrust private at ~$1.7B (Sep–Dec 2022)

In September 2022, EQT Private Equity (EQT X) agreed to acquire Billtrust (Nasdaq: BTRS), a Lawrenceville, NJ–based B2B accounts receivable automation and payments software company, in an all-cash take-private valuing equity at approximately $1.7 billion ($9.50/share). The deal closed after shareholder approval in December 2022.

Billtrust digitizes order-to-cash (invoicing, payments, collections). It had listed via a SPAC in early 2021 before returning to private ownership under EQT X. EQT still lists Billtrust on its current Technology / United States portfolio.

Source: EQT — to acquire Billtrust (28 Sep 2022): https://eqtgroup.com/news/eqt-private-equity-to-acquire-billtrust-2022-09-28
EQT — Billtrust portfolio page: https://eqtgroup.com/about/current-portfolio/billtrust
TechCrunch — EQT acquires Billtrust for $1.7B: https://techcrunch.com/2022/09/28/eqt-acquires-billtrust-a-company-automating-the-invoice-to-cash-process-for-1-7b/