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.
Strategic rationale
SPAC combination provides B2B accounts receivable solutions leader with capital to scale business operations.
Deal terms & multiples
Sources
- prnewswire.com /news-releases/billtrust-to-become-publicly-traded-company-through-combination-with-south-mountain-merger-corporation-301154680.html