Canadian payments firm Nuvei is set to go private after agreeing an acquisition deal with a private equity firm.
In brief:
- US-based Advent International has agreed to pay $6.3bn in all-cash transaction, under the terms of the deal, Nuvei's shareholders will receive $34 per share.
- Further details reveal that following the acquisition, Nuvei will remain headquartered in Montreal, with Philip Fayer continuing as Chair and CEO.
- Nuvei’s influence spans over 200 markets worldwide, evidencing its significant role in the global payments ecosystem.
What does this mean?
Philip Fayer expressed enthusiasm for this new chapter, stating, “This transaction marks the beginning of an exciting new chapter for Nuvei, and we are glad to partner with Advent to continue to deliver for our customers and employees and capitalize on the significant opportunities that this investment provides.
