Parallaxes Capital Highlights Terminated TRA of a Leading Payment Solutions Provider
NEW YORK, July 6, 2023 /PRNewswire/ -- Parallaxes Capital Management ("Parallaxes") is an alternative asset manager and, since 2017, has raised four funds dedicated to Tax Receivable Agreements ("TRAs").
- NEW YORK, July 6, 2023 /PRNewswire/ -- Parallaxes Capital Management ("Parallaxes") is an alternative asset manager and, since 2017, has raised four funds dedicated to Tax Receivable Agreements ("TRAs").
- As the market leader in monetizing TRAs, Parallaxes is dedicated to increasing the visibility and transparency of TRAs which remain an often overlooked and misunderstood asset class.
- In the vein of creating greater visibility into the TRA ecosystem, Parallaxes is pleased to highlight a notable development in the market as PAYA Holdings Inc. ("PAYA") previously terminated its TRA.
- PAYA disclosed that, in connection with its acquisition by Nuvei Corporation ("Nuvei"), it will make an aggregate cash payment of approximately $20 million to TRA holders to terminate the TRA.