NUVEI ANNOUNCES COMPLETION OF GOING PRIVATE TRANSACTION
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 15 2024
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Source: PRnewswire
Nuvei Acquisition: Nuvei Corporation has completed its acquisition by Neon Maple Purchaser Inc., formed by Advent International, with shareholders receiving US$34.00 per share. As a result, Nuvei is now a wholly-owned subsidiary of the Purchaser.
Leadership Continuity: Philip Fayer, Nuvei's founder and CEO, rolled over 95% of his shares and will continue to lead the company alongside its existing management team, focusing on long-term growth strategies and operational optimization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
