Nuvei to Be Taken Private by Advent International in $6.3 Billion Deal

Paul, Weiss is advising a special committee of independent directors of Montreal-based Nuvei Corporation in the company’s take-private acquisition by global private equity investor Advent International, alongside the company’s founder and existing shareholders Novacap and CDPQ. Nuvei is one of the most advanced technology providers in the global payments industry. The all-cash deal, announced on April 1, values Nuvei at an enterprise value of approximately $6.3 billion. Shareholders will receive $34.00 per share, which represents a premium of approximately 56% over Nuvei’s unaffected closing share price on March 15.

The transaction is expected to close in late 2024 or the first quarter of 2025, subject to court and regulatory approvals and other customary closing conditions.

The Paul, Weiss team is led by corporate partners Adam Givertz and Ian Hazlett.