Brief: Nuvei Enters Into Agreement To Be Taken Private At A Price Of US$34.00 Per Share

Nuvei

01/04/2024 17:37

April 1 (Reuters) - Nuvei Corp  NVEI.TO :
    * NUVEI ENTERS INTO AGREEMENT TO BE TAKEN PRIVATE BY ADVENT
INTERNATIONAL, ALONGSIDE EXISTING CANADIAN SHAREHOLDERS PHILIP
FAYER, NOVACAP AND CDPQ AT A PRICE OF US$34.00 PER SHARE
    * NUVEI CORP - PROPOSED DEAL FOR VALUES CO AT AN ENTERPRISE
VALUE
OF APPROXIMATELY US$6.3 BILLION
    * NUVEI CORP - PROPOSED DEAL FOR VALUING NUVEI AT AN
ENTERPRISE
VALUE OF APPROXIMATELY US$6.3 BILLION
    * NUVEI CORP - PHILIP FAYER WILL CONTINUE TO LEAD NUVEI AS
CHAIR
AND CHIEF EXECUTIVE OFFICER,
    * NUVEI CORP - NUVEI'S CURRENT LEADERSHIP TEAM WILL ALSO
CONTINUE
FOLLOWING CONCLUSION OF TRANSACTION
    * NUVEI CORP -  PHILIP FAYER, NOVACAP AND CDPQ TO INDIRECTLY
OWN
OR CONTROL ABOUT 24%, 18% AND 12%, RESPECTIVELY, OF EQUITY IN
RESULTING PRIVATE COMPANY
    * NUVEI CORP - COMPANY WILL CONTINUE TO BE BASED IN MONTREAL
    * NUVEI- TERMINATION FEE OF US$150 MILLION WOULD BE PAYABLE
BY
NUVEI IN CERTAIN CIRCUMSTANCES, INCLUDING IN CONTEXT OF SUPERIOR
PROPOSAL SUPPORTED BY NUVEI
    * NUVEI CORP: REVERSE TERMINATION FEE OF US$250 MILLION
WOULD BE
PAYABLE TO NUVEI IF TRANSACTION IS NOT COMPLETED IN CERTAIN
CIRCUMSTANCES

Further company coverage:  NVEI.TO 

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