WEX Inc. (NYSE:WEX) entered into an agreement to acquire Noventis, Inc. for approximately $310 million on October 22, 2018. As of January 18, 2019, WEX borrowed $300 million of tranche A-3 term loans, the proceeds of which will be used to fund a portion of the consideration payable upon the closing of the contemplated acquisition. The transaction is subject to customary regulatory approvals and is expected to close in the first half of 2019. WilmerHale LLP and Sidley Austin LLP acted as legal advisor to WEX. Raymond James acted as financial advisor and Akin Gump Strauss Hauer & Feld LLP and Schulte Roth & Zabel LLP acted as legal advisor to Noventis. WEX Inc. (NYSE:WEX) completed the acquisition of Noventis, Inc. on January 24, 2019.