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Merger Arbitrage Mondays – Billtrust To Be Taken Private By EQT Private Equity

  • October 3, 2022

Merger activity increased last week with three new deals announced and four deals completed.

BTRS Holdings Inc. (BTRS)

Headquartered in Lawrenceville, New Jersey and incorporated in 2001, Billtrust, officially known as BTRS Holdings provides cloud based services and integrated payment processing solutions to B2B companies. These cloud services are used by enterprises to process payments from customers.

Solutions offered by the company include credit decisioning and monitoring, online ordering, invoicing, cash application, and collections. The company’s products include Credit Application, Credit Management, order/E-commerce module and invoicing module. Other products offered by the company comprise of integrated B2B payments, cash application module, collections module, and business payments network (BPN), which allows enterprises to present invoices to portals used by their customers and automatically capture their payments.

Revenue from Billtrust’s BPN platform increased 71% year-over-year in Q2 2022. In the earnings report the company stated, “Expanding BPN’s reach is a key strategic priority, as evidenced by our recently announced deals with Coupa (referral partner and BPN provider) and Procede Software (partner for invoicing, digital payments, and BPN).”

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