Nuvei, Backed by Ryan Reynolds, Reaches $6.3B Deal with Advent International | ORBITAL AFFAIRS

- Advertisement -

The Acquisition of Nuvei: A Look at the Deal Backed by Ryan Reynolds


Canadian payment processing company Nuvei, backed by actor and investor Ryan Reynolds, is set to be acquired and taken private by private equity firm Advent International. The deal, announced on Monday, values Nuvei at $6.3 billion and will result in shareholders receiving $34 per share, representing a 5% premium above the company’s closing price on Monday.

- Advertisement -

Ryan Reynolds’ Investment in Nuvei

Ryan Reynolds made headlines in April 2023 when he announced that he had invested in Nuvei, acquiring an undisclosed stake in the company. This investment came shortly after Reynolds’ successful venture with Mint Mobile, which was sold to T-Mobile for approximately $1.35 billion. Reynolds expressed his confidence in Nuvei, praising the company’s leadership team and its potential for success in the fintech industry.

- Advertisement -

The Deal Details

Nuvei founder Philip Fayer has expressed his support for the acquisition, stating that he will continue in his role as CEO once the deal is finalized. Fayer will own about 24% of the newly private company, which will remain based in Montreal. The transaction is expected to close later this year or in early 2025, pending regulatory approval.

Nuvei’s Financial Performance

In its most recent quarterly earnings report, Nuvei revealed that it processed over $200 billion in payments in 2023 and generated approximately $1.2 billion in revenue. The company’s stock has experienced a surge since news of the acquisition surfaced, closing 2.5% higher on Monday at $32.41.


The acquisition of Nuvei by Advent International marks a significant milestone for the Canadian payment processing company. With the support of Ryan Reynolds and a strong leadership team, Nuvei is poised for continued growth and success in the fintech industry. The deal underscores the confidence that investors have in Nuvei’s business model and future prospects.

- Advertisement -

For more information on this topic, you can read the original article on Investopedia.

News Desk

- Advertisement -

Explore more

Isaac Cruz's Wife: Personal Life Details | ORBITAL AFFAIRS

Isaac Cruz’s Wife: Personal Life Details | ORBITAL AFFAIRS

Isaac Cruz’s heartwarming act of serving food to his wife and kids first on his winning night dinner has left fans in awe. This...

Raiders Game: Where to Tune In? | ORBITAL AFFAIRS

Fans of the Las Vegas Raiders eagerly anticipate each game as they all are eager to know their team’s performance on the field. The...
Universal Delays 'Wolf Man' and 'The Woman in the Yard' for New Release Date! | ORBITAL AFFAIRS

Universal Delays ‘Wolf Man’ and ‘The Woman in the Yard’ for...

Wolf Man is produced by Blumhouse and Motel Movies. Previously, Ryan Gosling was connected to the lead role. Currently, Julia Garner stands in the...

S&P 500 Gains Today: Memory Chipmakers Rise | ORBITAL AFFAIRS

The S&P 500 Starts the Second Quarter in Negative Territory Major U.S. equities indexes were mixed on the opening day of trading for the second...

“Red Queen Season 2: Everything You Need to Know!”

Directed by Koldo Serra based on the novel of the same name by Juan Gómez-Jurado, Red Queens is a newly released drama series that...
Sand Land Season 1 Episode 9 Release Date and Time Revealed by Hulu

Sand Land Season 1 Episode 9 Release Date and Time Revealed...

Akira Toriyama is the author and illustrator of the Japanese manga series Sand Land (stylized all caps). It was serialized in Weekly Shōnen Jump,...
Humana Stock Slides on Medicare Advantage Rate Disappointment—Key Level to Watch

Humana Stock Slides on Medicare Advantage Rate Disappointment—Key Level to Watch

Medicare Advantage Plans Will Receive an Average Payment Increase of 3.7% in 2025
Mia Thornton's Dating Life Uncovered! | ORBITAL AFFAIRS

Mia Thornton’s Dating Life Uncovered! | ORBITAL AFFAIRS

During the Season 8 finale of The Real Housewives of Potomac, viewers witnessed Mia Thornton and Gordon Thornton confront the end of their marriage....