Nuvei Corporation Completes Acquisition by Advent International

Montreal, Nov. 15, 2024 /PRNewswire/ —

Nuvei Corporation (“Nuvei” or the “Company”), the Canadian fintech company, announced the completion of the previously announced plan of arrangement under the Canada Business Corporations Act (the “Plan of Arrangement”). The arrangement involved Neon Maple Purchaser Inc., an entity formed by Advent International, acquiring all the issued and outstanding shares of Nuvei for US$34.00 per share.

As part of the arrangement, certain shareholders, including Philip Fayer, Novacap Management Inc., and Caisse de dépôt et placement du Québec, sold their shares in exchange for a combination of cash and shares in the capital of the Purchaser or an affiliate.

Impact on Individuals

This acquisition could potentially impact individuals who are shareholders of Nuvei, especially those who sold their shares as part of the arrangement. It is important for individuals to review the terms of the acquisition and understand how it may affect their investment in the company.

Impact on the World

The acquisition of Nuvei by Advent International could have a broader impact on the fintech industry and the global market. It may lead to increased competition, new opportunities for growth and innovation, and potential changes in the financial services landscape on a global scale.

Conclusion

In conclusion, the completion of the acquisition of Nuvei Corporation by Advent International marks a significant milestone for the company and the fintech industry as a whole. It will be interesting to see how this acquisition shapes the future of Nuvei and the impact it has on the world of finance.