Nuvei finalizes acquisition of Smart2Pay
Payment technology services provider Nuvei Corp (TSE:NVEI) has announced the completion of the acquisition of Smart2Pay Global Services B.V.
The acquisition strengthens Nuvei’s presence in high-growth digital commerce verticals. It also further expands Nuvei’s geographic footprint in additional regions. Furthermore, the transaction creates one of the largest and most complete alternative payment method (APM) solution providers in the world, with 450 APMs supporting online merchants in more than 200 global markets.
RBC Capital Markets advised Nuvei on the transaction, while FT Partners advised Smart2Pay.
Let’s note that Nuvei has been actively growing its business over the past couple of years. In August 2019, Nuvei announced the completion of its acquisition of SafeCharge International Group Limited. The acquisition creates a global, leading payment solutions provider with significant scale, able to service clients of any size across the world.
The deal has been valued at approximately US $889 million (CA $1.19 billion or £699 million at the announcement exchange rate).