On August 1, 2019, Nuvei Corporation, a Montreal-based payment technology firm and leading provider of global payment solutions, completed its acquisition of SafeCharge Intenational Group Limited, for a total of approximately US$889 million, strengthening its global payment technology and reach. SafeCharge’s shares were subsequently delisted from the AIM stock exchange.
Nuvei is one of the leading providers of technology-driven payment solutions to merchants and technology and distribution partners, primarily in the United States and Canada. It is privately held by its founder, Phillip Fayer, certain members of management and investors CDP Investissements Inc., a wholly own subsidiary of Caisse de dépôt et placement du Quebec, and funds managed by Novacap.
This acquisition is highly strategic and complementary to both businesses, aimed at accelerating the growth of the combined organization. The transaction created a global, leading payment solutions provider with significant scale, able to service clients of any size across the world. Its proprietary platform offers direct connections to all major payment card schemes worldwide, supports over 150 currencies and 180 payment types. Montreal, Quebec, becomes the worldwide headquarters for the combined organization.
A Fasken team led by Caitlin Rose including Michel Boislard, Marie-Christine Valois, Carolina Fusco and Nicolas Faucher advised Nuvei Corporation in connection with this acquisition and the equity financing of the transaction.
Nuvei is one of the leading providers of technology-driven payment solutions to merchants and technology and distribution partners, primarily in the United States and Canada. It is privately held by its founder, Phillip Fayer, certain members of management and investors CDP Investissements Inc., a wholly own subsidiary of Caisse de dépôt et placement du Quebec, and funds managed by Novacap.
This acquisition is highly strategic and complementary to both businesses, aimed at accelerating the growth of the combined organization. The transaction created a global, leading payment solutions provider with significant scale, able to service clients of any size across the world. Its proprietary platform offers direct connections to all major payment card schemes worldwide, supports over 150 currencies and 180 payment types. Montreal, Quebec, becomes the worldwide headquarters for the combined organization.
A Fasken team led by Caitlin Rose including Michel Boislard, Marie-Christine Valois, Carolina Fusco and Nicolas Faucher advised Nuvei Corporation in connection with this acquisition and the equity financing of the transaction.
