Nuvei and Advent International forge strategic alliance in $6.3bn private equity deal

Nuvei and Advent International forge strategic alliance in $6.3bn private equity deal

Nuvei, a pioneering force in the global payments landscape, has announced a landmark agreement to transition to a private entity under the stewardship of Advent International.

This move is supported by key Canadian shareholders, including Philip Fayer, Novacap, and CDPQ, signalling a strategic pivot in the company’s trajectory. These shareholders, integral to Nuvei’s foundation, are set to roll over a substantial portion of their equity, solidifying their commitment to Nuvei’s future success.

At the heart of this transition is an all-cash transaction valuing Nuvei at an impressive $6.3bn, a clear testament to its industry standing and potential for further growth. Shareholders are poised to receive $34.00 per share, a premium that not only underscores the value of Nuvei but also rewards its investors with a significant return on investment. This strategic move is expected to fortify Nuvei’s position in the payments industry, leveraging Advent International’s extensive resources and expertise in FinTech investments.

Nuvei stands as a beacon of innovation in payment solutions, offering a broad spectrum of services that cater to a global market. Its technology is designed to empower businesses, enabling them to harness next-generation payment methods, comprehensive payout options, and robust risk and fraud management services. Nuvei’s influence spans over 200 markets worldwide, evidencing its significant role in the global payments ecosystem.

Advent International brings to the table a wealth of experience in FinTech, particularly in the payments sector, promising to inject Nuvei with unparalleled operational, strategic, and financial resources. This collaboration is poised to accelerate Nuvei’s growth, ensuring its continued leadership and innovation in the payments industry.

Further details reveal that following the acquisition, Nuvei will remain headquartered in Montreal, with Philip Fayer continuing as Chair and CEO. This decision underscores a commitment to Nuvei’s core values and vision, ensuring continuity in leadership and strategic direction.

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.

“Our strategic initiatives have always focused on accelerating our customers revenue, driving innovation across our technology, and developing our people. Bringing in a partner with such extensive experience in the payments sector will continue to support our development.”

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