Montreal-based fintech Nuvei has officially gone private in a $6 billion all-cash deal led by Advent International, Novacap, and CDPQ. Reporting a 17% revenue jump in its final public earnings, CEO Philip Fayer emphasized Nuvei’s profitability and global reach, spanning 150 countries with nearly 700 payment methods.
Fayer, who remains CEO, highlighted plans to implement a Value Creation Plan focused on operational optimization and accelerated growth. David Lewin of Novacap praised Nuvei’s long-term growth potential as the company enters a new expansion phase. Founded in 2003, Nuvei aims to deepen customer partnerships and advance globally.
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