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NVEIBearishCorporate Developmentsnews
Materiality pending

Ryan Reynolds-Backed Nuvei Reaches $6.3B Deal To Be Taken Private by Advent International

Apr 1, 2024, 5:27 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

- Nuvei being acquired by Advent International for $6.3 billion at $34 per share. - Ryan Reynolds invested in Nuvei last year; transaction includes his undisclosed stake. - Founder Philip Fayer to remain CEO, company will be based in Montreal. - Nuvei processed over $200 billion in 2023, generating $1.2 billion in revenue. Price Impact Rating: Bearish Impact Horizon Rating: Long-term Type: Corporate Developments Key Takeaways: Acquisition valued at $6.3 billion, involving Ryan Reynolds' investment and CEO's continued role.

  • Nuvei being acquired by Advent International for $6.3 billion at $34 per share.
  • Ryan Reynolds invested in Nuvei last year; transaction includes his undisclosed stake.
  • Founder Philip Fayer to remain CEO, company will be based in Montreal.
  • Nuvei processed over $200 billion in 2023, generating $1.2 billion in revenue.
  • Price Impact Rating: Bearish

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