Payment technology company Nuvei Corp. signs deal to be taken private

Under the agreement announced Monday, shareholders will receive US$34 per share in cash in a deal that puts an enterprise value of US$6.3 billion on the company.

"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," he said in a statement. Bo Huang, a managing director at Advent, said Nuvei has created a differentiated global payments platform. In January, Nuvei announced a partnership deal with software company Adobe to provide customers access to its payment technology.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Payment tech company Nuvei forms special committee to evaluate proposalsMONTREAL — Nuvei Corp. says it has formed a special committee to evaluate expressions of interest for the payment technology firm including a potential going-private transaction as well as any other strategic alternatives.
Source: SooToday - 🏆 8. / 85 Read more »

Nuvei stock soars as Montreal payments company confirms ‘potential’ takeover talksThe announcement follows a Wall Street Journal report Saturday that Boston-based private equity Advent International firm was in advanced talks concerning a potential transaction with Nuvei
Source: globeandmail - 🏆 5. / 92 Read more »