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On 1st of April, 2024, a definitive merger agreement was announced between Nuvei Corporation (NVEI) and Advent International. The agreement entails a total enterprise value of approximately $6.3 billion.
As per the conditions set out in the agreement, Advent International will acquire Nuvei Corporation at a rate of $34 per share in cash.
Should Nuvei Corporation decide to terminate this merger agreement, it would be obligated to pay Advent International a termination fee of $150 million. Conversely, if Advent terminates the agreement, it would be liable to pay Nuvei a termination fee of $250 million.
TD Securities functioned as the financial advisor to Nuvei Corporation.
Nuvei Corporation has an annual dividend payout of $0.40 per share, and the stock is optionable.
The acquisition price agreed upon by Advent International is equivalent to 3.70 times the sales of Nuvei Corporation and 25.44 times its EBITDA.
For more in-depth details, please consult the Deal Metrics page via the following link:
In-depth Deal Metrics for the acquisition of Nuvei Corporation (NVEI) by Advent International .
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