---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019748"
form_type: "8-K"
ticker: "VERX"
cik: "0001806837"
company_name: "Vertex, Inc."
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:35:09.263627+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vertex offers ~$555M to acquire Pagero; Silver Lake invests $500M in convertible preferred

## Summary
- Offer price 36 SEK/share (~$555M), a 71.4% premium to Pagero's Dec 12 close.
- Silver Lake invests $500M in convertible preferred (11.75% PIK dividend, conversion at 20% premium) plus warrants for 2.5M shares.
- Two largest Pagero shareholders (~40.4% of shares) irrevocably agreed to accept the offer.
- Acceptance period Dec 15, 2023 to Jan 23, 2024; subject to >90% tender and regulatory approvals.
- Vertex expects market opportunity expansion from $22B to $28B; accretion to margins in second year post-close.

## SEC filing metadata
- accession: 0001558370-23-019748
- form_type: 8-K
- ticker: VERX
- cik: 0001806837
- company_name: Vertex, Inc.
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806837/000155837023019748/0001558370-23-019748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806837/000155837023019748/verx-20231213x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019748
- JSON: https://secwatch.observer/filing/0001558370-23-019748.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019748.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.