Goodwin advises Francisco Partners and OEConnection on the acquisition of epyx. Professionals The Private Equity team advised Francisco Partners and OEConnection (OEC) on the acquisition of the epyx business from Corpay Inc (NYSE:CPAY). The transaction is expected to close this fall, subject to customary regulatory approvals and standard closing conditions. Francisco Partners is a leading technology investment firm with deep sector focus and a track record of delivering outstanding returns. They provide flexible capital and partnership to growth-aspiring technology companies. OEC is a leading end-to-end platform powering the aftersales ecosystem with integrated marketplace, insights, and supply chain solutions that streamline every stage of the vehicle repair process. This is the second transaction in 2026 on which Anu Balasubramanian and Jamie Holdoway have advised Francisco Partners, having also supported them on the acquisition of Efficient IP.

Corpay reported second-quarter revenue of $1.34 billion, exceeding analyst estimates of $1.30 billion and marking 21.5% year-on-year growth. The business payments company posted non-GAAP earnings of $7 per share, beating consensus estimates of $6.58 by 6.3%. The company raised its full-year revenue guidance to $5.31 billion at the midpoint from $5.29 billion. Management also increased full-year adjusted earnings per share guidance to $27.35 at the midpoint, a 2.4% increase. Corpay has demonstrated consistent growth, with 15.2% annualised revenue growth over the past five years and 14.7% over the last two years. The company provides specialised payment solutions for businesses to manage vehicle expenses, corporate payments, and lodging costs.

Corpay lifts annual forecasts, to sell non-core UK vehicle payments business. Wed 05/08/2026 - 23:45 Aug 5 (Reuters) - Business payments platform Corpay raised its full-year forecasts and reported higher second-quarter profit on Wednesday, helped by continued growth in its corporate and vehicle payment divisions. Despite economic uncertainty and elevated interest rates, business spending held up through the April-June quarter, supporting demand for corporate payment and spend-management services like Corpay. Here are more details: - On an adjusted basis, Corpay's profit for the quarter ended June 30 rose to $464.4 million, or $7 per share, from $366.4 million, or $5.13, during the same period last year. - Quarterly revenue at the company's corporate payments business, which automates and manages vendor payments, rose 41.7% to $548.7 million from the year-ago period. - The vehicle payments segment saw a 13.3% year-on-year rise in quarterly revenue to $580.2 million. Corpay's total revenue surged 21.8% to $1.34 billion. - The company said it expects annual revenue between $5.29 billion and $5.33 billion, higher than its prior forecast of $5.25 billion to $5.33 billion. - It raised its full-year adjusted earnings forecast to a range of $27.15 to $27.55 per share, compared with its earlier outlook of $26.30 to $27.10 per share. - Separately, Corpay said it had agreed to sell its non-core U.K.-based vehicle payments business epyx, along with r2c Online and Business Gateway, to OEConnection as part of its efforts to simplify its portfolio and focus on corporate payments. (Reporting by Rishab Shaju in Bengaluru; Editing by Diti Pujara) Find it fast. Looking for more insights? Explore our other news sections for updates on sustainable finance, companies and financial education