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

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MONTREAL — Payment technology firm Nuvei Corp. has signed a deal to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap and CDPQ.

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.

 

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