Canadian payments processor Nuvei being pursued by private equity firm Advent International

Nuvei, which provides technology services to help businesses process transactions, went public in September 2020 and raised US$700-million

Private equity firm Advent International is in advanced talks to buy Nuvei, a Canadian payments technology company that has received financial backing from actor Ryan Reynolds, a source familiar with the matter told Reuters on Saturday.

The buyout deal, if completed successfully, would mark the second deal in the past 12 months for a company backed by the Canadian Hollywood star Ryan Reynolds. Two months later, Spruce Point said it was no longer holding a short position after Nuvei’s stock price had fallen to its target range. Deal-making in the financial services sector has witnessed an uptick in recent months. In February, Capital One agreed to acquire Discover Financial in a deal worth US$35.3 billion.

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