- Nuvei, a Canadian payments processor headquartered in Montreal, has formed a special committee to evaluate potential buyout deals proposed by third parties that could result in the company becoming a private entity.
- The company has been publicly traded on the Toronto Stock Exchange (TSE) since its $700 million initial public offering (IPO) in September 2020 and subsequently listed on Nasdaq in October 2021.
- Reports from the Wall Street Journal and Reuters indicate that Nuvei is in advanced discussions with US private equity firm Advent International regarding a potential takeover, although specific terms of the deal remain subject to change and may not materialize.
- Nuvei boasts a market capitalization of over $3 billion and has a significant presence in the global payments market, further strengthened by its recent acquisition of Australian paytech Till Payments. Advent International, the potential acquirer, has also been active in acquisitions, acquiring UK paytech myPOS in November.
- While discussions with third parties are ongoing, Nuvei clarified that it has not yet entered into any agreements or understandings to effect a privatization or similar transaction. It emphasized that no decision has been made regarding whether to pursue a transaction or maintain its current status as a publicly traded company.
- Nuvei’s statement underscores that the outcome of the discussions remains uncertain, and there is no assurance that any agreements or understandings will materialize from the ongoing deliberations.
Nuvei evaluating bids for potential buyout with Advent reportedly leading the race
Topics
Popular Categories
Previous article![]( "OpenAI’s chatbot store is filling up with spam")
Next article![]( "Integrated Finance partners KYP for data intelligence and risk monitoring tech")
