We advised the global payment technology company Nuvei on selling part of their shares to Advent International. Nuvei will be delisting from a stock exchange in Canada and once the company goes private, the existing shareholders, Philip Fayer, Novacap and CDPQ, will indirectly hold approximately 24%, 18% and 12% of the shares, respectively. The value of the deal – USD 6,3 billion.
Nuvei, headquartered in Canada, is a leading payment solutions provider offering an integrated payment platform that enables businesses to accept payments in over 200 markets, supporting more than 150 currencies and over 600 payment methods.
This transaction is among the largest in the fintech sector this year in Lithuania, highlighting digital payment technologies’ critical importance and growth potential.
Our services and project team
We provided legal advice on regulatory approval for the proposed acquisition with the Bank of Lithuania and relevant transaction questions. Our team was led by partner Augustas Klezys and associate Akvilė Jurkaitytė.
We worked closely with the international law firm Stikeman Elliott, which was responsible for coordinating the transaction on a global level.
Read more about this deal here.
