Advent to buy Ryan Reynolds-backed fintech Nuvei in US$6.3-billion deal

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

Canada Headlines News

Canada Latest News,Canada Headlines

The deal, valued at US$34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange

in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at US$6.3 billion.

The buyout of Nuvei, which has a market capitalization of nearly C$6 billion , 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 the company and Nuvei will remain headquartered in Montreal, it said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ryan Reynolds-Backed Nuvei Nears Buyout Deal With Advent: WSJ(Bloomberg) -- Nuvei Corp., the Canadian payments processor backed by actor Ryan Reynolds, is in advanced talks with private equity firm Advent International...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Ryan Reynolds-Backed Nuvei Nears Buyout Deal With Advent: WSJNuvei Corp., the Canadian payments processor backed by actor Ryan Reynolds, is in advanced talks with private equity firm Advent International for a buyout, the Wall Street Journal reported, citing people familiar with the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Advent in Advanced Talks to Buy Ryan Reynolds-Backed Nuvei(Bloomberg) -- Advent International is in advanced talks to buy Canadian payments processor Nuvei Corp., people familiar with the matter said, in a further...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Canada’s Nuvei Says Weighing a Deal After Advent Buyout ReportNuvei Corp. has begun discussions and is reviewing expressions of interest in a potential deal, responding to a Wall Street Journal report that private equity firm Advent International is close to buying out the Canadian payments processor.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Canada’s Nuvei Says Weighing a Deal After Advent Buyout Report(Bloomberg) -- Nuvei Corp. has begun discussions and is reviewing expressions of interest in a potential deal, responding to a Wall Street Journal report...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Advent nearing deal to buy Canadian payments processor Nuvei, source says(Reuters) -Private equity firm Advent International is in advanced talks to buy Nuvei, a Canadian payments technology company that has received financial...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »