Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bln deal
(Adds details and context throughout) April 1 - Private equity firm Advent International has agreed to buy Canada's Nuvei in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 billion. The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange.
(Adds details and context throughout) April 1 - Private equity firm Advent International has agreed to buy Canada's Nuvei in a deal that values the payments technology firm, which has received financial backing from actor Ryan Reynolds, at $6.3 billion.
The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed
on the Toronto Stock Exchange. It represents a premium of 56% to the company's closing price before a potential deal was reported in the media in mid-March. Nuvei provides payments technology to businesses, allowing them to pay and accept payments regardless of their customers' location or preferred payment method.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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