Private equity firm Advent International is in advanced talks to buy Nuvei a Canadian payments technology company that has received financial backing from actor Ryan Reynolds.
Advent’s buyout of Nuvei, which has a market capitalization of more than $3 billion, would make it one of the more sizable take-private deals at a time when private equity dealmaking has slowed.
The buyout deal, if completed successfully, would mark the second deal in the past 12 months for a company backed by the Canadian-American Hollywood star Ryan Reynolds.
Source: Reuters
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