Advent To Buy Ryan Reynolds-Backed Fintech Nuvei In $6.3 Bln Deal

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.

The buyout of Nuvei, which has a market capitalization of nearly $4.42 billion, would make it one of the more sizable take-private deals at a time when private equity dealmaking has slowed.

It represents a premium of 56% to the company’s NVEI.O closing price on the Nasdaq before a potential deal was reported in the media in mid-March.