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Announced

Completed

Blackstone led a $130m in Series C in PayCargo.

Financials

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Transaction Value£107m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Acquisition

Completed

Minority

Friendly

Private Equity

Single Bidder

Payments / Commerce

payments network

United States

Private

Venture Capital

Synopsis

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Blackstone led a $130m in Series C round in PayCargo, a logistics payments and data infrastructure platform. "PayCargo is a category leader, operating at the intersection of several of our highest-conviction investment themes – including the continued proliferation of electronic payments, the digitization of the supply chain, and the modernization of business-to-business payments. We believe that these attractive tailwinds, combined with the strength of PayCargo's offering, positions the company well for its next phase of growth," Vini Letteri, Blackstone Growth Senior Managing Director.

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