Nuvei Goes Private in $6.3 Billion Deal with Advent International

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Nuvei Corporation, a global payment firm, plans to
privatize its operations in a deal led by the private equity investment company Advent International. This all-cash transaction is valued at approximately
US$6.3 billion.

Under the terms of this agreement, Nuvei’s shareholders
will receive US$34 per share in cash. With a focus on providing flexible and scalable solutions, Nuvei has a presence in more than 200 markets globally. The company offers over 680 payment methods.

Philip Fayer, Nuvei’s Chair and Chief Executive
Officer, will continue to lead the company, ensuring
continuity in its strategic direction and operations. According to the press
release, Advent aims to support Nuvei’s growth trajectory and capitalize on
emerging opportunities in the payment industry.

Fayer mentioned: “This transaction marks the beginning of an exciting
new chapter for Nuvei, and 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.”

The proposed transaction has reportedly garnered
strong support from Nuvei’s shareholders, including Fayer, Novacap, and
CDPQ, who collectively represent a significant portion of the voting power. The new deal is subject to shareholders’ approval,
with the completion timeline expected towards the end of 2024 or the first
quarter of 2025.

Shareholders’ Support

Bo Huang, the Managing Director at Advent, added:
“Our deep expertise and experience in payments give us conviction in the
opportunity to support Nuvei as it continues to scale from its base in Canada
as a global player in the space. We look forward to collaborating closely with
Nuvei to capitalize on emerging opportunities to help shape the future of the
payment industry.”

In February, Nuvei introduced direct payment access in Colombia. This expansion aims to streamline processes for local
businesses by enabling them to expand internationally. By providing direct
payments, Nuvei enables Colombian businesses to onboard customers without
intermediaries.

Additionally, the company’s direct payment access allows businesses to
take control of their transactions by directly accepting card payments and managing the flow of transactions. By bypassing intermediaries,
businesses can optimize their payment processes and enhance operational
efficiency, the company mentioned.

Nuvei Corporation, a global payment firm, plans to
privatize its operations in a deal led by the private equity investment company Advent International. This all-cash transaction is valued at approximately
US$6.3 billion.

Under the terms of this agreement, Nuvei’s shareholders
will receive US$34 per share in cash. With a focus on providing flexible and scalable solutions, Nuvei has a presence in more than 200 markets globally. The company offers over 680 payment methods.

Philip Fayer, Nuvei’s Chair and Chief Executive
Officer, will continue to lead the company, ensuring
continuity in its strategic direction and operations. According to the press
release, Advent aims to support Nuvei’s growth trajectory and capitalize on
emerging opportunities in the payment industry.

Fayer mentioned: “This transaction marks the beginning of an exciting
new chapter for Nuvei, and 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.”

The proposed transaction has reportedly garnered
strong support from Nuvei’s shareholders, including Fayer, Novacap, and
CDPQ, who collectively represent a significant portion of the voting power. The new deal is subject to shareholders’ approval,
with the completion timeline expected towards the end of 2024 or the first
quarter of 2025.

Shareholders’ Support

Bo Huang, the Managing Director at Advent, added:
“Our deep expertise and experience in payments give us conviction in the
opportunity to support Nuvei as it continues to scale from its base in Canada
as a global player in the space. We look forward to collaborating closely with
Nuvei to capitalize on emerging opportunities to help shape the future of the
payment industry.”

In February, Nuvei introduced direct payment access in Colombia. This expansion aims to streamline processes for local
businesses by enabling them to expand internationally. By providing direct
payments, Nuvei enables Colombian businesses to onboard customers without
intermediaries.

Additionally, the company’s direct payment access allows businesses to
take control of their transactions by directly accepting card payments and managing the flow of transactions. By bypassing intermediaries,
businesses can optimize their payment processes and enhance operational
efficiency, the company mentioned.



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