Nuvei CEO Philip Fayer to Stay at Helm as Firm Goes Personal



April 2, 2024

Canadian funds agency Nuvei Company is ready to go personal following a definitive settlement for a buyout by Introduction Worldwide, a worldwide personal fairness investor.

Philip Fayer, Nuvei’s Chair and CEO, will proceed main the corporate, alongside his broader management group, with Montreal persevering with to function Nuvei’s headquarters.

The buyout deal, valued at roughly US$6.3 billion, additionally sees main participation from Canadian shareholders Philip Fayer, Novacap, and CDPQ, setting the per-share buy value at US$34.00.

As a part of the settlement, these Canadian shareholders will not directly personal or management roughly 24%, 18%, and 12%, respectively, of the fairness within the ensuing personal firm.

The acquisition by Introduction Worldwide, accompanied by substantial funding from present shareholders, goals to leverage Nuvei’s operational strengths and market presence.

In the meantime, Introduction’s expertise and sources within the funds house are anticipated to bolster Nuvei’s progress and innovation capabilities.

The deal’s closure, anticipated in late 2024 or early 2025, awaits shareholder and regulatory approvals, promising a brand new chapter for Nuvei because it goals to boost its international footprint and repair choices within the funds trade.

Nuvei has facilitating over US$200 billion in transactions and producing US$1.2 billion in income in 2023.

Philip Fayer

Philip Fayer

Fayer stated,

“This transaction marks the start of an thrilling new chapter for Nuvei, and we’re glad to accomplice with Introduction to proceed to ship for our prospects and workers and capitalise on the numerous alternatives that this funding offers.


Our strategic initiatives have at all times targeted on accelerating our prospects income, driving innovation throughout our know-how, and creating our individuals. Bringing in a accomplice with such intensive expertise within the funds sector will proceed to help our improvement.”

Bo Huang

Bo Huang

Bo Huang, a Managing Director at Introduction stated,

“Nuvei has created a differentiated international funds platform with an progressive product providing that serves engaging funds finish markets like international eCommerce, B2B and embedded funds.


Our deep experience and expertise in funds give us conviction within the alternative to help Nuvei because it continues to scale from its base in Canada as a worldwide participant within the house.”


Supply hyperlink


Please enter your comment!
Please enter your name here