On June 7, 2021, Nuvei, the global payment technology partner of thriving brands, closed the previously announced secondary offering on a bought deal basis of an aggregate of 7,165,378 subordinate voting shares of the Company at a purchase price of US$69.78 per subordinate voting share. The total gross proceeds to the selling shareholders represents approximately US$500 million.
Under the previously announced agreement, funds managed by Novacap, Whiskey Papa Fox, a holding company controlled by Philip Fayer, our Chair and Chief Executive Officer, CDP Investissements, a wholly-owned subsidiary of Caisse de dépôt et placement du Québec, certain members of management and Nuvei had entered into an agreement with Goldman Sachs Canada, Credit Suisse, Scotiabank and National Bank Financial to complete this secondary offering on a bought deal basis.
A Fasken team comprised of Caitlin Rose, Guillaume Saliah, Paul Khoury, Alexandra Freedman, Gemma Caprio and Laura Fabi acted on behalf of Nuvei in connection with this transaction.
Jurisdiction
- Québec
