Nuvei Corp. agrees to a $6.3 billion all-cash transaction with Advent International Corp., remaining private with CEO Phil Fayer retaining his position.
Payment technology firm Nuvei Corp. has agreed to a $6.3 billion all-cash transaction with private equity firm Advent International Corp., going private while its largest shareholders, including Nuvei's chair and CEO Phil Fayer, Montreal-based private equity firm Novacap, and pension giant Caisse de dépôt et placement du Québec, will not be cashing out. Nuvei's shareholders agreed to a $34-per-share offer, which represents a 56% premium to Nuvei's March 15 closing price on the Nasdaq exchange. CEO Phil Fayer will remain CEO and chair of Nuvei's board, and the company will continue to be based in Montreal.
April 01, 2024
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