In a pivotal move for the financial technology sector, Nuvei Corporation has completed its transition to a privately held company following an all-cash acquisition by private equity firm Advent International. The deal, which valued Nuvei at approximately $6.3 billion, reflects broader trends in the fintech industry as companies recalibrate strategies amid economic uncertainties and increased […]
Nuvei Corporation’s shareholders have approved a pivotal plan of arrangement, marking a significant milestone in the company’s transition to private ownership under the auspices of Advent International. Valued at $6.3 billion, the acquisition will be executed at $34.00 per share in cash, a substantial premium over Nuvei’s recent trading prices on both the Nasdaq and […]
In a significant move within the financial services sector, Fisher Investments (“FI”) has announced a landmark minority investment by Advent International (“Advent”) and a subsidiary of the Abu Dhabi Investment Authority (“ADIA”). The investment, ranging between $2.5 billion to $3 billion, pegs the valuation of Fisher Investments at a remarkable $12.75 billion. This infusion of […]
In a significant move within the global payments industry, Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI) has announced a definitive arrangement to go private, with Advent International spearheading the all-cash transaction. The deal, valued at approximately US$6.3 billion, marks a pivotal shift for Nuvei, emphasizing its robust position in the fintech sector. This transition underlines the […]
Advent International, a global private equity giant, proudly announces the successful completion of its majority acquisition of Suven Pharma, a renowned Contract Development and Manufacturing Organization (CDMO) in India. This strategic move positions Advent as a key player in India’s pharmaceutical landscape. As part of this acquisition, Advent introduces the new Board of Directors and […]
Private equity firm, Haveli Investments, specializing in technology-focused enterprises, has confirmed a definitive agreement to acquire Certinia, previously known as FinancialForce. The acquisition from Advent International and Technology Crossover Ventures (TCV) stands as a significant stride in Haveli Investments’ portfolio expansion. Certinia’s Services-as-a-Business platform encompasses a wide range of solutions such as Professional Services Automation […]
SilverTree Equity, a UK-based private equity firm, has acquired Thesis, a US-based cloud-based university administration software provider, from Advent International, for an undisclosed amount. Thesis offers student information management solutions for colleges and universities to manage their student processes from registration to graduation. Under the agreement, Thesis has received funding from SilverTree Equity to accelerate […]
Advent International, a global private equity investor, has invested $175 million to acquire a minority interest in Tredence, an India-based data science solutions provider. Tredence will use the funding from Advent International to increase data-fueled growth and artificial intelligence (AI) value realization for industries. The data science and AI Solutions company will also use the […]
Advent International, a private equity company, will acquire American space technology company Maxar Technologies for an enterprise value of around $6.4 billion. The all-cash deal is expected to help Maxar Technologies to fast-track the development of its next-generation satellite technologies and data insights for its government and commercial customers. In addition, the deal is expected […]
Australian airline Rex has wrapped up the previously announced AUD 48 million acquisition of National Jet Express from Cobham Aviation Services Australia. National Jet Express, which was a regional services arm of Cobham Aviation Services Australia, is a provider of Fly-In Fly-Out (FIFO) services in Western Australia and South Australia. Lim Kim Hai — Rex […]