Novacap and CDPQ-backed Pivotal Payments becomes Nuvei
Pivotal Payments, a Montréal-based provider of payment processing solutions, has been rebranded as Nuvei. Nuvei said the rebranding reflects its focus on partner growth initiatives and creates a "first-ever community of payment experts." It also merges the company’s corporate arm with its GlobalOnePay division. As reported by PE Hub Canada, Nuvei was backed last year by Novacap and Caisse de dépôt et placement du Québec (CDPQ). The deal valued the business at about $525 million.
23 October 2018•3 mins read
