Corpay to acquire Alpha Group International for $2.2bn.

Corpay, a global business payments and spend management company, agreed to acquire Alpha Group International, a British financial services business specialising in the management of foreign exchange risk for corporate businesses, for $2.2bn. “We’re delighted to consummate this transaction with Corpay. Corpay’s position as the leading non-bank provider of B2B cross border solutions is the perfect home for our people and will broaden their career prospects over time. Additionally, Corpay’s global footprint, licenses, bank relationships, technology, and balance sheet will accelerate our growth momentum, particularly in our institutional investor business,” Clive Kahn, Alpha Group CEO.