EQT Private Equity
EQT Private Equity to acquire Billtrust
The EQT X fund (“EQT Private Equity”) has signed a definitive merger agreement to acquire BTRS Holdings Inc. ("Billtrust" or "the Company") (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader.
With this transaction, EQT X (target fund size of EUR 20.0 billion and hard cap of EUR 21.5 billion) is expected to be 10-15 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on its target fund size.
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