South Mountain Merger Corporation / Billtrust 2020
South Mountain Merger Corporation acquired Billtrust for $1.5B on October 19, 2020.
- Target
- Billtrust
- Acquirer
- South Mountain Merger Corporation
- Deal value
- $1.5B
- Announced
- October 19, 2020
- Sub-sector
- B2B Payments
Transaction overview
- South Mountain Merger Corporation announced the acquisition of Billtrust on October 19, 2020 for $1.5B.
- The deal is expected to close pending customary conditions.
Strategic rationale
SPAC combination provides B2B accounts receivable solutions leader with capital to scale business operations.
Deal terms & multiples
Frequently asked questions
How much did South Mountain Merger Corporation pay for Billtrust?
South Mountain Merger Corporation acquired Billtrust for $1.5B, announced on October 19, 2020.
When did South Mountain Merger Corporation announce the acquisition of Billtrust?
South Mountain Merger Corporation announced the acquisition of Billtrust on October 19, 2020.
What sub-sector is Billtrust in?
Billtrust is tracked in the B2B Payments sub-sector.
Sources
- prnewswire.com /news-releases/billtrust-to-become-publicly-traded-company-through-combination-with-south-mountain-merger-corporation-301154680.html