Date Closed

April 1, 2024

Lead Office

Montréal

Value

6.30 Billion USD

On April 1, 2024, Caisse de dépôt et placement du Québec ("CDPQ") agreed to roll over approximately 75% of its equity in Nuvei Corporation ("Nuvei") at US$34.00 per share pursuant to the definitive arrangement agreement in which Advent International ("Advent") will take Nuvei private through the acquisition of all Nuvei's issued and outstanding subordinate voting shares and any Multiple Voting Shares that are not Roll Over Shares for US$6.3 billion.

Philip Fayer, Novacap and CDPQ are all holders of multiple voting shares and following the transaction are expected to indirectly own or control approximately 24%, 18% and 12%, respectively, of the equity in Nuvei.

Nuvei, located in Montreal, Quebec, Canada is a fintech company that created modular, flexible and scalable technology that allows companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services.

Advent, headquartered in Boston, Massachusetts, United States, is a global private equity investor focused on business and financial services, health care, industrial, retail, consumer, and leisure, and technology.

CDPQ is a global investment group managing funds for public pension plans and insurance plans, headquartered in Quebec, Canada.

McCarthy Tétrault advised CDPQ with a team led by Patrick Boucher that included Louis-Charles Filiatrault, Mariya Voloshyn (Business), Christian Meighen, Randy Schwartz, Marie-Soleil Landry, Kassandra Grenier, Etienne C. Laplante, Julien Leblanc (Tax), Dominic Thérien, Kate McNeece (Competition and Antitrust), Robert A Glasgow (Trade), Caroline-Ariane Bernier (Labour and Employment), Marie-Eve Bédard and Lambert Perron (MT Version).