Advent-backed Nuvei acquires Payoneer in $2.75 bn take-private deal
Nuvei has agreed to acquire Payoneer in a $2.75 billion take-private deal. The deal has been approved by the board of directors at Nuvei and Payoneer. The transaction is expected to close in mid-2027. Advent International first acquired Nuvei in 2024.
Nuvei, a company backed by Advent International, has reached an agreement to acquire Payoneer in a take-private deal valued at $2.75 billion. Nuvei, headquartered in Montreal, has had a relationship with Advent International since the private equity firm's initial acquisition in 2024. This transaction represents a significant move in the financial services sector, combining two entities involved in payment solutions. The boards of directors for both Nuvei and Payoneer have approved the proposed acquisition. This approval signifies the internal consensus on the strategic direction and potential benefits of this merger. The acquisition is structured as a take-private deal, meaning Payoneer, currently a public company, will become a private entity under the ownership of Nuvei. The involved parties anticipate that the acquisition will be finalized in mid-2027. This timeline suggests a multi-year process for regulatory approvals, integration planning, and other necessary steps to complete the transaction. Such a duration is typical for deals of this magnitude and complexity within the financial technology space. The acquisition signals a continuing trend of consolidation within the financial technology and payment processing sectors. Companies are seeking to expand their market share, enhance service offerings, and achieve economies of scale through strategic mergers and acquisitions. This particular deal highlights the role of private equity backing in facilitating significant industry consolidation and creating larger, more integrated financial service providers.