Advent International to Take Nuvei Private in $6.3B Buyout

April 1, 2024

Advent International agreed to acquire Nuvei for US$34.00 per share in an all-cash transaction that values the Canadian payments company at approximately US$6.3 billion. Existing major shareholders — Philip Fayer, Novacap and CDPQ — will roll a significant portion of their equity and remain as investors, with Philip Fayer continuing as Nuvei's Chair and CEO; the deal is expected to close in late 2024 or early 2025, subject to regulatory and shareholder approvals.

Buyers
Advent International, Philip Fayer, Novacap, CDPQ
Targets
Nuvei
Sellers
Philip Fayer, Novacap, CDPQ, Public holders of Subordinate Voting Shares and Multiple Voting Shares (Nuvei shareholders)
Location
Quebec, Canada
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.