-- Nuvei Corp. has begun discussions and is reviewing expressions of interest in a potential deal, responding to a Wall Street Journal report that private equity firm Advent International is close to buying out the Canadian payments processor.The firm, which is backed by “Deadpool” actor Ryan Reynolds, said it’s formed a special committee to consider an unspecified transaction as well as “strategic alternatives.
In part, the report questioned Nuvei’s $1.3 billion acquisition of payments platform Paya Holdings Inc. last year.Five things to watch for in the Canadian business world in the coming week: Private equity firm Advent International is in advanced talks to buy Nuvei, a Canadian payments technology company that has received financial backing from actor Ryan Reynolds, a source familiar with the matter told Reuters on Saturday. Advent’s buyout of Nuvei, which has a market capitalization of more than $3 billion, would make it one of the more sizable take-private deals at a time when private equity dealmaking has slowed.
MONTREAL — Nuvei Corp. says it has formed a special committee to evaluate expressions of interest for the payment technology firm including a potential going-private transaction as well as any other strategic alternatives. Nuvei made the comments after media reports on the weekend speculating about a potential deal.
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