Alpha Group International Rejects US Takeover Bid
Deal News | May 06, 2025 | Business Cloud
Alpha Group International PLC, a London-listed FinTech company, has rejected an all-cash takeover bid from Corpay, an American company specializing in vendor payments. With a market capitalization of £1.2 billion, Alpha has been a success story, posting a 1,000% share price increase since its 2017 listing. The company's core services encompass FX risk management, global accounts, mass payments, and fund finance. Led by CEO Clive Kahn, Alpha continues to see impressive share growth, recording a 28% rise year to date. The offer by Corpay was reviewed by Alpha's board, advised by financial experts, and unanimously declined. Corpay faces a deadline of May 30, 2025, to either confirm an acquisition proposal or abandon negotiations.
Sectors
- Financial Technology (FinTech)
- Corporate Finance
- Payments
Geography
- United Kingdom – Alpha Group International is a London-listed company, making the UK a primary geography.
- United States – The takeover bid was made by Corpay, a US-based company, indicating significant US involvement.
Industry
- Financial Technology (FinTech) – The article is about Alpha Group International, a FinTech firm that provides financial solutions and consultancy.
- Corporate Finance – Alpha operates in areas like FX risk management and fund finance, which are key sectors within corporate finance.
- Payments – Corpay specializes in providing payment solutions, thereby highlighting the relevance of the payments industry.
Financials
- £1.2 billion – Market capitalization of Alpha Group International.
- 28% in YTD and 37% in last 12 months – Share price growth of Alpha Group International over these periods.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alpha Group International PLC | Target Company | Company | A London-listed FinTech firm specializing in financial solutions and consultancy. |
| Corpay | Bidding Company | Company | A US-based company offering business payment solutions. |
| Clive Kahn | CEO | Person | Former CEO of takepayments, currently CEO of Alpha Group International. |