Advent International to acquire Nuvei for $6.3bn.

Advent International, one of the largest and most experienced global private equity investors, agreed to acquire Nuvei, a payment processor headquartered in Montreal, Canada, for $6.3bn. Canadian shareholders Philip Fayer, Novacap and CDPQ will indirectly own or control approximately 24%, 18% and 12%, respectively, of the equity in the resulting private company as part of the agreement. "Nuvei has created a differentiated global payments platform with an innovative product offering that serves attractive payments end markets like global eCommerce, B2B and embedded payments. Our deep expertise and experience in payments give us conviction in the opportunity to support Nuvei as it continues to scale from its base in Canada as a global player in the space. We look forward to collaborating closely with Nuvei to capitalize on emerging opportunities to help shape the future of the payments industry," Bo Huang, Advent Managing Director.