Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bln deal (updated)

Nuvei

01/04/2024 17:40

(Adds details and context throughout)
       April 1 - Private equity firm Advent International has
agreed to buy Canada's Nuvei  NVEI.TO  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.
  

 (Reporting by Niket Nishant in Bengaluru; Editing by Shilpi
Majumdar and Maju Samuel)
 ((Niket.Nishant@thomsonreuters.com))