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Advent International to take Nuvei Corporation private for US$6.3 billion

Apr 01, 2024over 1 year ago

Acquiring Company

Advent International

Acquired Company

Nuvei

MontrealInvestment ManagementFintechPaymentsFinancial Services

Description

Nuvei Corporation has entered into a definitive agreement to be taken private by Advent International in an all-cash transaction valued at approximately US$6.3 billion. The transaction will provide Nuvei with significant resources, operational expertise, and investment capacity to continue its global expansion and shape the future of the payments industry.

Company Information

Company

Advent International

Location

800 Boylston Street

About

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 390 private equity investments across 41 countries, and as of December 31, 2021, had $88 billion in assets under management. Advent has considerable experience in distribution, having previously supported market leaders such as ABC Supply, MORSCO Inc., Distribution International, Rubix and Caldic. With 15 offices in 12 countries, Advent has established a globally integrated team of over 250 investment professionals across North America, Europe, Latin America, and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies. For more information, visit Website: www.adventinternational.com LinkedIn: www.linkedin.com/company/advent-international

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed