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The Canadian payments processor has struck a deal to be bought by private-equity investor Advent International, supported by owners of Nuvei’s multiple voting shares. It is an all-cash deal that represents an enterprise value of about $6.3b.
Under the terms of agreement, Fayer will continue to lead Nuvei as chair and CEO alongside his broader leadership team, and the company would remain headquartered in Montreal. Fayer, Novacap and CDPQ are expected to indirectly own or control about 24%, 18% and 12%, respectively, of the equity in the new private company.
https://www.wsj.com/business/deals/nuvei-agrees-deal-to-be-taken-private-1c0d0d58
