Advent International to take Nuvei Corporation private for US$6.3 billion
04/01/24, 4:42 PM
Location
montrealIndustry
fintech
payments
financial services
Nuvei Corporation has entered into a definitive agreement to be taken private by Advent International in an all-cash transaction valued at approximately US$6.3 billion. The transaction will provide Nuvei with significant resources, operational expertise, and investment capacity to continue its global expansion and shape the future of the payments industry.
Company Info
Company info
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 390 private equity investments across 41 countries, and as of December 31, 2021, had $88 billion in assets under management. Advent has considerable experience in distribution, having previously supported market leaders such as ABC Supply, MORSCO Inc., Distribution International, Rubix and Caldic. With 15 offices in 12 countries, Advent has established a globally integrated team of over 250 investment professionals across North America, Europe, Latin America, and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.
For more information, visit
Website: www.adventinternational.com
LinkedIn: www.linkedin.com/company/advent-international