Simpson Thacher is representing TreviPay in connection with its acquisition of Apruve, Inc. The terms of the transaction were not disclosed.
TreviPay is a global B2B payments and invoicing network built to optimize trade between buyers and sellers. TreviPay offers a B2B payment method for corporate buyers and sellers globally, processing $7 billion in transaction volume across 32 countries, 19 currencies and 90,000 active buyers.
Apruve builds Trade Credit Automation programs for global enterprises seeking to make transformative change in their procure-to-pay process. Apruve is the only provider that combines A/R automation with guaranteed next-day financing on all open invoices.
The Simpson Thacher team includes Heesu Kim and Jack Nalen (M&A); Larry Moss, Alan Fenyes and Matias Botto (Executive Compensation and Executive Benefits); Jonathan Goldstein, Andrew Mandelbaum and Shareef Salfity (Tax); Lori Lesser and Rachelle Broida (Intellectual Property); Krista McManus (Real Estate); and Michael Isby (Environmental).