Advent to acquire Ryan Reynolds-backed FinTech Nuvei for USD 6.3 billion​

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Advent International, a private equity firm, has agreed to buy Nuvei NVEI.TO, a payments technology company backed by actor Ryan Reynolds, for USD 6.3 billion.

The transaction, valued at USD 34 per share, will take Nuvei private nearly four years after it was listed on the Toronto Stock Exchange. The acquisition of Nuvei, which has a market capitalization of nearly USD 4.42 billion, would be one of the larger take-private transactions at a time when private equity dealmaking has slowed.

It represents a 56% premium to the company’s NVEI.O closing price on the Nasdaq prior to media reports of a potential deal in mid-March.

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