Nuvei receives all regulatory approvals for sale to Advent International
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2024
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Source: SeekingAlpha
Nuvei's Acquisition by Advent International: Nuvei has received all necessary regulatory approvals for its acquisition by private equity firm Advent International at a price of $34 per share, totaling an enterprise value of $6.3 billion.
Shareholder Ownership Post-Acquisition: Following the deal's completion, expected around November 15, Canadian shareholders Philip Fayer, Novacap, and CDPQ will hold approximately 24%, 18%, and 12% of the equity in the new private company, respectively.
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.
