Fintech Nexus Newsletter (April 2, 2024): Private equity firm to acquire Canada’s Nuvei for $6.3 billion
This deal was first rumored to be happening in mid-March.
Yesterday, it became official. Private equity firm Advent International has agreed to acquire Nuvei in an all-cash deal valued at $6.3 billion.
The payments technology giant has been a public company since listing on the Toronto Stock Exchange in 2020 (it is also listed on Nasdaq).
Nuvei made headlines last year when celebrity entrepreneur Ryan Reynolds invested in the company and became the frontman in a series of witty TV ads.
With the Capital One-Discover deal that made huge headlines a month ago, could we be starting to see some serious M&A activity?
Watch this space.
Featured
> Nuvei Goes Private in $6.3 Billion Sale to Advent International
Canadian payments FinTech Nuvei is set to become a private company. Nuvei announced the $6.3 billion deal with private equity firm Advent International on Monday, three weeks after reports of a possible acquisition emerged.
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