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Advent Wants Nuvei

Private equity firm Advent International has offered stockholders of Nuvei a 48% premium over the 90-day weighted average trading price for all outstanding subordinate shares in a transaction valued at approximately $6.30 billion. The deal for the Nasdaq- and Toronto Stock Exchange-listed company is expected to close by the end of 2024 or early 2025. Collectively, Nuvei shareholders Philip Fayer (CEO and Chairman of the Board) as well as Canada-based investors Novacap and CDPQ will own 54% of the resulting private company. Fayer, who will own 24% if the transaction is completed, will contin...

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