Nuvei's $34 Billion Privatization Deal Marks Exit from Major Stock Indices

Montreal, Monday, 18 November 2024.
In a significant market shift, Nuvei Corporation completed its privatization on November 15, 2024, at US$34.00 per share. Led by Advent International, with support from existing CEO Philip Fayer, the deal triggered the company’s removal from multiple indices, including the S&P Global BMI Index. Despite reporting an 8% decrease in Q3 adjusted net income, the company sees the private transition as an opportunity to accelerate its global expansion strategy across 200 markets, free from public market pressures.