Nuvei goes private in $6.3 billion sale to Advent International

Finance News

Private equity firm Advent International has agreed to buy Nuvei in an all-cash deal that values the Ryan Reynolds-backed payments technology firm at $6.3 billion.

The deal, announced on Monday, will take Nuvei private four years after it was listed on the Toronto Stock Exchange.

Before reports of a potential deal emerged in mid-March, the stock had lost nearly 15% this year. The company’s shares also trade on the Nasdaq.

At $34 per share, Advent will offer Nuvei shareholders a 56% premium to the stock’s last close on the Nasdaq before media reports of a possible acquisition.

The buyout of Nuvei would make it one of the more sizable take-private deals at a time when private equity dealmaking has slowed.

Current CEO Philip Fayer will continue to lead Nuvei and it will remain headquartered in Montreal, the company said.