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Payment technology firm Nuvei, a portfolio company of Canadian private equity firm Novacap, acquired omnichannel payments firm SafeCharge International Group for $889 million. A banking service.
Nuvei, a Montreal-based payment technology firm and leading provider of global payment solutions, today announced that it has completed its acquisition of SafeCharge International Group Limited.
(Reuters) – U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry. The companies said SafeCharge shareholders would receive $5.55 in cash for each share held.
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Nuvei is a leading North American provider of technology-driven payment processing solutions for enterprises in the point-of-sale, B2B, and e-commerce industries. The company previously operated as Pivotal Payments but rebranded as Nuvei late last year. Under the terms of Nuvei’s offer, the firm will pay $889 million in cash for SafeCharge.
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Nuvei Corp. has agreed to buy U.K.-based payments firm SafeCharge International Group Ltd. in a cash deal valued at $889 million (669 million British pounds), according to a regulatory filing. SafeCharge shareholders will receive $5.55 a share in cash under the agreement.
U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry. The companies said SafeCharge shareholders would receive $5.55 in cash for each share held, representing
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Payments tech firm Nuvei to buy Britain’s SafeCharge for $889 million. Reuters – by Samantha Machado in Bengaluru (Reuters) – U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry.
Moody’s Investors Service ("Moody’s") assigned a B3 Corporate Family Rating (CFR) and B3 Probability of Default Rating (PDR) to Nuvei Technologies Corp. ("Nuvei") in connection with its proposed.
executes SafeCharge’s acquisition for US $889 million MONTREAL, Aug. 14, 2019 /PRNewswire/ – Novacap, one of Canada’s leading private equity firms, is proud to announce that its portfolio company.