Novacap and CDPQ-backed Nuvei closes $889 mln buy of SafeCharge

Nuvei, a Montréal-based payment technology company, has closed its acquisition of SafeCharge International Group Ltd, a Guernsey, U.K.-based provider of omni-channel payments services. The all-cash deal, announced in May, is valued at US$889 million ($1.18 billion). The combined business will have its headquarters in Montréal. Nuvei, formerly known as Pivotal Payments, secured an investment in 2017 from Canadian mid-market private equity firm Novacap and Caisse de dépôt et placement du Québec (CDPQ) that valued it at $525 million. Novacap and CDPQ also supported the SafeCharge transaction.

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