Nuvei Corporation (TSX:NVEI) has entered into a definitive arrangement agreement to be taken private by Advent International, with the support of each of the Company’s holders of multiple voting shares, being Philip Fayer, certain investment funds managed by Novacap Management Inc. and CDPQ, via an all-cash transaction which values Nuvei at an enterprise value of approximately US$6.3 billion.
The company will continue to be based in Montreal.
Advent is a longstanding investor in the payments space. Nuvei will benefit from the significant resources, operational, and sector expertise, as well as the capacity for investment provided by Advent.
Philip Fayer will remain Nuvei’s Chair and Chief Executive Officer and will lead the business in all aspects of its operations. Nuvei’s current leadership team will also continue following the…
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