Ellex, working with Kirkland & Ellis, has advised Advent International on its acquisition of Nuvei Corporation. Stikeman Elliott and Sorainen reportedly advised Nuvei.
The total value of the transaction is approximately USD 6.3 billion.
Advent International is a private equity firm.
Nuvei Corporation is a payment processing platform listed in Canada.
According to Ellex, "after delisting from the stock exchange current shareholders Philip Fayer, Novacap and CDPQ will indirectly own approximately 24%, 18%, and 12%, respectively, of the equity in the resulting private company as part of the agreement, while remaining 46% will be owned by the new investor Advent International. The strategic alliance between Advent International and existing shareholders should ensure the successful development of Nuvei."
The Ellex team included Partner Ieva Dosinaite, Expert Lina Radaviciene, and Senior Associate Domantas Gudonis.
