Processing partnership
A new chapter
“This transaction marks the beginning of an exciting new chapter for Nuvei, and we are glad to partner with Advent to continue to deliver for our customers and employees and capitalize on the significant opportunities that this investment provides.”
Philip Fayer
Chair and CEO
Nuvei
Delivering value creation
As a global leader in private equity, Advent International combines an expansive global presence with deep cross-sector expertise, drawing on over 30 years of experience in technology investments across 25+ countries. Guided by the belief that technology is a transformative force reshaping every industry, Advent has built a reputation for fostering innovation and driving scalable growth.
Reflecting this focus, Advent, along with key Canadian shareholders, acquired Nuvei—a global leader in payments technology with a footprint in over 200 markets—in an all-cash deal valued at US$6.3 billion (US$34.00 per share). Key Canadian shareholders—Chair and CEO Philip Fayer (24%), Novacap (18%), and CDPQ (12%)—retained significant equity positions, demonstrating their continued confidence in Nuvei’s growth potential.
By leveraging Nuvei’s strong market position and growth trajectory, Advent strengthens its portfolio while capitalizing on the rapid evolution of the payments sector. Nuvei, in turn, will benefit from Advent’s deep resources and operational expertise, positioning the company for accelerated innovation and global expansion.
RBC Capital Markets acted as financial advisor to Advent in the take-private transaction and served as joint lead arranger and joint bookrunner on the US$600 million revolving credit facility and US$2.55 billion term loan financing.
Providing strategic advice and support
Leveraging its deep relationships with both Advent, Nuvei and its key Canadian shareholders, RBC played a central role in aligning strategic priorities and helping facilitate and negotiate the transaction. This required a coordinated and cross-border effort across RBC’s Technology Investment Banking coverage team, M&A, Leveraged Finance, Corporate Banking, ECM, and Risk Management—demonstrating RBC’s commitment to supporting its clients across all aspects of a transaction.
As part of Nuvei’s agreement to go private, a carefully structured arrangement and negotiation process was required under the oversight of Nuvei’s Special Committee. As the leading advisor on related party transactions in Canada, RBC was able to leverage its expertise with Special Committees and independent valuation mandates to help deliver the right advice at critical junctures of the process.1
As joint lead arranger, RBC played a key role in structuring and executing the financing, equipping Nuvei with the capital and expertise necessary to drive its strategic expansion initiatives forward. Additionally, RBC played a key role in assessing and mitigating FX transaction risks given the cross-border nature of the transaction.
Uniting expertise across borders
RBC maintains a strong institutional relationship with Advent across products and geographies, previously acting as exclusive sellside advisor on the US$1.0 billion sale of Advent’s portfolio company Distribution International, as well as numerous portfolio company financings including Deutsche Fachpflege, Caldic, NielsenIQ and Thyssenkrupp Elevators, among others.
Accelerating innovation
“Our strategic initiatives have always focused on accelerating our customers revenue, driving innovation across our technology, and developing our people. Bringing in a partner with such extensive experience in the payments sector will continue to support our development.”
Philip Fayer
Chair and CEO
Nuvei
Executing for success
As fintech evolves, the integration of software into payment operations is driving more specialized, vertical business models and fueling M&A activity as companies seek to expand internationally and diversify their offerings to capture greater market share.
Amid this shift, Nuvei stands out as a leader in global payments, delivering innovative solutions for high-growth, dynamic markets like global eCommerce, B2B, and embedded payments.
As a newly private entity, Nuvei now has the opportunity to realize its full potential as a high-growth, high-margin company. Backed by Advent’s deep expertise, the partnership provides the strategic support needed to capitalize on emerging trends in the sector.
Scaling global payments
“Nuvei has created a differentiated global payments platform with an innovative product offering that serves attractive payments end markets like global eCommerce, B2B and embedded payments.”
Bo Huang
Managing Director
Adven International