Nuvei (NVEI): Navigating a New Era Post-Privatization Amidst Robust Q3 Performance
Welcome, aspiring investors and seasoned traders! Today, we’re diving deep into the world of Nuvei (NVEI), a prominent player in the global fintech landscape. You might have heard the recent news: Nuvei has completed a significant chapter in its corporate history by going private. But what does this mean for the company, and how does it align with their latest financial performance and strategic moves?
In this comprehensive analysis, we’ll explore the implications of the privatization, break down the key figures from their Q3 2024 earnings report, and examine the strategic partnerships and technological innovations that are shaping the future of this payment technology leader. Think of this as a guided tour through Nuvei‘s recent journey – understanding the past few months is crucial for comprehending their path forward.
Whether you’re just starting to explore the markets or you’re looking to sharpen your understanding of specific companies through a blend of fundamental data and market context, understanding a company like Nuvei requires looking beyond just a stock chart. It involves understanding its business model, its performance metrics, and the strategic decisions made by its leadership. Let’s embark on this learning journey together.
One of the most significant events for Nuvei Corporation recently was the completion of its previously announced going-private transaction. This wasn’t just a simple change; it was a major corporate restructuring led by Advent International, a leading global private equity investor. This deal marks a pivotal moment, transitioning Nuvei from a publicly traded entity on major exchanges like the Nasdaq and TSX to a privately held company.
The transaction was valued at approximately US$6.3 billion, with Nuvei shareholders receiving US$34.00 per share in cash. This price represented a premium at the time of the announcement, reflecting the value that the acquiring consortium saw in Nuvei‘s business and growth potential. It’s important to understand that going private often allows a company to focus on long-term strategic initiatives without the constant pressure of meeting quarterly earnings expectations from public markets.
The new ownership structure sees Advent International holding a significant 46% stake. What’s particularly noteworthy is the continued, substantial involvement of key existing shareholders. Philip Fayer, Nuvei‘s Chair and CEO, retains a significant 24% ownership stake, underscoring his ongoing commitment and leadership. Long-term investors Novacap and CDPQ also maintain meaningful positions, holding 18% and 12% respectively. This blend of new private equity leadership and continuity from founders and existing partners suggests a commitment to Nuvei‘s established vision while injecting new capital and strategic guidance.
The completion of this deal required navigating various hurdles, including securing necessary regulatory approvals and shareholder consent. With these steps now finalized, the transaction closed as planned. The process will culminate in the delisting of Nuvei shares, first from the TSX around November 18, 2024, followed by the Nasdaq around November 25, 2024. For anyone holding NVEI shares, understanding this delisting timeline was critical for their investment decisions leading up to the transaction closure.
Why do companies go private? Often, it’s to gain greater operational flexibility, invest heavily in R&D or expansion without public scrutiny of short-term profitability impacts, and streamline decision-making. For a global payment technology company like Nuvei, operating in a rapidly evolving sector, these factors can be powerful motivators. The shift allows Nuvei to potentially accelerate its strategic roadmap and competitive positioning away from the public market spotlight.
Analyzing Nuvei’s Q3 2024 Financial Performance: Growth and Nuances
Amidst the backdrop of the going-private transaction, Nuvei also reported its financial results for the third quarter of 2024 (Q3 2024). These results provide crucial insights into the operational health and growth momentum of the business as it transitioned to private ownership. As investors and traders, looking beyond the headlines at the underlying numbers is always essential. Let’s dissect the key figures.
The company reported strong growth in its fundamental business drivers. Total Volume, representing the total value of transactions processed by Nuvei, increased by a robust 27% year-over-year (YoY) to reach an impressive $61.3 billion in Q3 2024. Volume growth is a key indicator for a payment processor like Nuvei, directly reflecting the expanding adoption and usage of its platform by merchants and businesses globally. This significant jump signals healthy activity across their client base and successful integration of new partners.
Following the volume growth, Revenue also saw a substantial increase, growing 17% YoY to $357.6 million. While the percentage increase in revenue is slightly lower than that of volume, this is not uncommon in the payments industry and can depend on factors like the mix of transaction types, fee structures, and regional contributions. Nevertheless, a 17% revenue growth is a strong performance, demonstrating Nuvei‘s ability to monetize its expanding payment processing activities.
Perhaps one of the most positive signs from the Q3 2024 report was the significant improvement in Net Income. Nuvei reported Net Income of $17.2 million for the quarter. This is a dramatic turnaround compared to the Net Loss of $18.1 million reported in the same period last year. Achieving positive net income indicates improved profitability at the bottom line, suggesting better cost management or increased efficiency alongside revenue growth. Understanding the specific factors contributing to this turnaround (e.g., reduced operating expenses, improved margins) would offer even deeper insights, but the shift itself is a key highlight.
These headline figures paint a picture of a company executing well operationally, expanding its reach, and successfully processing a growing volume of digital payments. For anyone tracking Nuvei or the broader fintech sector, these metrics serve as essential data points for evaluating performance.
Deciphering Adjusted Metrics: EBITDA and Net Income Context
While Net Income provides a statutory view of profitability, companies often report “adjusted” metrics like Adjusted EBITDA and Adjusted Net Income to offer a clearer picture of operational performance, excluding certain one-time or non-cash items. For Nuvei in Q3 2024, these adjusted figures present a slightly different angle compared to the strong Net Income turnaround.
Adjusted EBITDA for Q3 2024 was reported at $108.8 million, which represented a slight decrease of 2% compared to the previous year. Adjusted EBITDA is a widely used metric in the payments industry as it removes the impact of financing costs, taxes, depreciation, and amortization, as well as other specific adjustments (like share-based compensation, acquisition-related costs, etc.). It’s often seen as a proxy for the cash generating ability of the core business operations.
Similarly, Adjusted Net Income fell by 8% YoY to $52.3 million. Adjusted Net Income typically starts with Net Income (or Loss) and adds back or subtracts various items that are considered non-recurring, non-cash, or not indicative of ongoing operational results. Common adjustments might include amortization of acquired intangibles, transaction costs related to M&A or privatization, or share-based compensation expense.
How should we interpret a situation where Net Income improved dramatically, but Adjusted EBITDA and Adjusted Net Income slightly decreased? This often suggests that the turnaround in statutory Net Income was significantly influenced by specific items that are *included* in the Net Income calculation but *excluded* from the Adjusted metrics. For instance, a large non-cash expense or a one-time charge in the prior year’s Q3 that was removed in the calculation of Adjusted Net Income, but which was simply absent in Q3 2024, could explain a large Net Income swing. Conversely, if Q3 2024 had certain expenses (perhaps related to the privatization itself, or increased investment in growth initiatives) that were *included* in the statutory Net Income but *added back* for Adjusted metrics, this could potentially depress the Adjusted figures relative to the previous year, even as the core business grew in volume and revenue.
Understanding these nuances is part of developing a mature perspective on financial statements. While the strong volume and revenue growth highlight operational momentum, the slight dip in adjusted profitability metrics warrants attention and further investigation into the specific adjustments made. For technical traders, these fundamental details provide crucial context that can influence longer-term perspectives on a company’s value and trajectory, even if their primary focus is on price action and chart patterns. Nuvei also declared its regular quarterly dividend of $0.10 per share, continuing its practice of returning some value to shareholders prior to the privatization’s finalization.
Strategic Partnerships: Fueling Global Reach and Vertical Specialization
Beyond the financial numbers and the corporate transaction, a key driver for Nuvei‘s growth is its extensive network of strategic partnerships. In the competitive world of global payments and fintech, forging alliances is crucial for expanding market reach, entering new verticals, and enhancing service offerings. Nuvei has been particularly active on this front, securing numerous partnerships that underscore its ambition and capability.
One significant area of focus for Nuvei is the iGaming sector. They were recently named Payment Service Provider of the Year for the 2024 American Gambling Awards, a testament to their leadership in this specialized vertical. Building on this, a strategic partnership with Gaming Innovation Group (GiG) was highlighted, integrating Nuvei‘s payment solutions into GiG’s powerful CoreX platform. This integration allows iGaming operators using the CoreX platform to seamlessly access Nuvei‘s wide array of payment options, enhancing the deposit and payout experience for players and operators alike. Another notable partnership in this space is with Delaware North’s Betly brand, providing payment processing for their sports betting and iGaming operations in multiple US states, including West Virginia, Arkansas, Tennessee, and Ohio. These collaborations demonstrate Nuvei‘s expertise and trusted position within the regulated iGaming market across various geographies.
eCommerce payments and marketplace solutions are another vital area. The partnership with BigCommerce, a leading open SaaS eCommerce platform, is set to offer comprehensive omnichannel payment solutions to merchants across North America, Europe, and APAC. This expands Nuvei‘s potential merchant base significantly, tapping into the vast network of businesses utilizing the BigCommerce platform. Enhancing payment acceptance options is also key, as seen in the expanded global partnership with JCB in Singapore and Hong Kong, enabling greater acceptance of JCB cards. These partnerships highlight Nuvei‘s focus on providing diverse, localized payment options essential for global eCommerce success.
Nuvei has also strengthened its presence in the Travel and Mobility sector. Being selected as the preferred payments partner by Radisson Hotel Group and a key payment partner by Virgin Atlantic speaks volumes about Nuvei‘s ability to handle complex, high-volume transactions in large enterprises. Furthermore, a partnership with Outpayce from Amadeus signals deeper integration into the core infrastructure of the travel industry’s payment flows. These diverse partnerships across various sectors – iGaming, eCommerce, Travel – illustrate Nuvei‘s strategy of embedding its payment processing capabilities into the workflows of major platforms and businesses, driving transaction volume and revenue growth.
Existing relationships with global tech giants like Microsoft and Adobe were also reaffirmed or leveraged, demonstrating Nuvei‘s role as a critical payment infrastructure provider for large-scale platforms. The strengthened global partnership with Google, integrating Google Pay into its cashier for LATAM customers, is another example of Nuvei‘s commitment to offering popular and convenient digital payment methods in key growth regions like Latin America. These partnerships collectively form the backbone of Nuvei‘s business, providing pipelines for increased volume and broader market penetration.
Pioneering Innovation: Blockchain, Platforms, and Open Banking
Innovation is at the heart of the fintech industry, and Nuvei is actively pushing the boundaries of payment technology. They offer a sophisticated, modular platform capable of operating in over 200 global markets and supporting more than 720 alternative payment methods (APMs). This flexibility and global reach are built upon continuous technological development.
A significant innovation highlighted is the launch of a blockchain-based payment solution in Latin America. This initiative, developed in partnership with entities like Rain, BitGo, and Visa, enables the use of stablecoins, such as USD Coin (USDC), for payments. Why is this important? Stablecoins offer the potential for faster, lower-cost cross-border settlements compared to traditional banking rails. In a region like LATAM, where currency volatility can be a factor and traditional payment infrastructure might be less developed in certain areas, leveraging blockchain and stablecoins could provide a more efficient and accessible method for global transactions. This move positions Nuvei at the forefront of integrating emerging digital asset technologies into mainstream payment flows.
Another critical area of focus is the rapidly growing embedded payments market, often facilitated through platforms and marketplaces. Nuvei for Platforms is a product specifically designed to help marketplaces, platforms, and their sellers manage complex payment requirements. The product has been enhanced with features like Decoupled Pay-ins/Payouts (allowing more flexibility in how funds are received and disbursed), Split Payments (essential for marketplaces where payments need to be split between platform and seller), Auto Reconciliation, Balance Management, and Seller Invoicing. These features are vital for platforms looking to offer seamless payment experiences to their users and monetize payment flows effectively. By enhancing this product, Nuvei is directly addressing the needs of a high-growth segment of the digital economy.
Open Banking is another trend shaping the future of payments, particularly in regions like Europe with regulations like PSD2. Nuvei is adopting Open Banking principles via its Instant Bank Transfer platform, leveraging networks like the RTP Network where available. Open Banking allows customers to initiate payments directly from their bank accounts, bypassing card networks, which can potentially lead to lower transaction costs and faster settlement times. Integrating these capabilities positions Nuvei to capture a share of the bank-to-bank payment market, which is growing in prominence alongside card and alternative payment methods.
Furthermore, Nuvei‘s acquisition of Payaut, a marketplace technology provider, complements its internal development efforts for the Nuvei for Platforms product. Acquiring specialized technology and talent accelerates their capability in serving the complex needs of the marketplace ecosystem. From leveraging blockchain for cross-border flows to enhancing platform payment tools and embracing Open Banking, Nuvei is clearly investing in and deploying technologies aimed at future-proofing its offerings and tapping into new revenue streams within the evolving global payments landscape.
Global Footprint Expansion: New Markets and Regulatory Achievements
A global payment processing company like Nuvei relies heavily on its ability to operate compliantly and effectively in diverse markets around the world. Expanding the global footprint is not just about setting up operations; it requires navigating complex regulatory environments and establishing local connections. Nuvei has made significant strides in this regard.
Latin America (LATAM) is a region of strategic importance, evidenced by the blockchain initiative discussed earlier. Beyond that, Nuvei has been actively expanding its core payment processing capabilities in LATAM. This includes establishing local acquiring capabilities in key markets like Colombia and Mexico. Local acquiring means processing payments through local banking networks, which can lead to higher approval rates and lower costs compared to cross-border processing. Securing a Payment Institution license in Brazil is another crucial step, enabling Nuvei to operate more deeply within the regulated Brazilian financial system, a large and growing market for digital payments.
Regulatory achievements in other regions also underscore Nuvei‘s commitment to compliant expansion. Obtaining a Retail Services Category II license from the Central Bank of the UAE is significant. The UAE is a growing hub in the Middle East, and having a local license facilitates operations within this important regional economy, enabling Nuvei to serve merchants and businesses effectively there. These licenses are not easy to obtain and require demonstrating robust compliance frameworks and operational readiness, highlighting Nuvei‘s credibility as a trusted partner.
Geographic expansion also involves launching services in new countries. Nuvei has recently launched operations in Japan, a major global economy with a unique payment ecosystem. Adapting to local preferences and regulatory requirements in a market like Japan requires significant effort and investment. Furthermore, they are expanding their Omnichannel capabilities to serve the UK Gaming industry (with future dates mentioned for full rollout). Omnichannel payments are crucial for businesses that interact with customers both online and offline, providing a unified payment experience across all channels. Extending this capability in the UK, a mature iGaming market, strengthens their offering there.
Innovation and expansion also intersect, as seen with the introduction of Digital Asset Off-ramping to cards via Mastercard Move in Europe. This allows users to convert digital assets (like cryptocurrencies or potentially stablecoins) into fiat currency directly onto a card, providing a convenient way to access funds. This capability is particularly relevant in Europe, a region actively exploring the future of digital finance. All these expansion efforts, whether through regulatory licenses, establishing local infrastructure, or launching new market-specific services, contribute to Nuvei‘s strategy of building a truly global, interconnected payment network capable of serving diverse client needs.
Leadership in Verticals: The iGaming Award and Market Position
As mentioned earlier, Nuvei received the Payment Service Provider of the Year award at the 2024 American Gambling Awards. While an award might seem like a minor point compared to financial results or corporate deals, industry recognition holds significant weight. It serves as external validation of a company’s expertise, service quality, and leadership within a specific sector.
Winning this award specifically for iGaming highlights Nuvei‘s strong position and reputation in a vertical that is both high-growth and highly regulated. The iGaming sector, encompassing online sports betting and casino games, presents unique challenges for payment providers, including complex compliance requirements (KYC/AML), fraud prevention needs, and the demand for rapid, reliable payouts. Excelling in this environment requires specialized knowledge, robust technology, and strong relationships with regulators and operators.
This recognition, awarded by Gambling.com Group, suggests that Nuvei is not just participating in the iGaming market but is considered a leader. This leadership position likely stems from a combination of factors: their comprehensive suite of payment methods suitable for gaming (including alternative and local methods), their robust risk management and fraud prevention tools, their ability to navigate the regulatory landscape in various jurisdictions (like those in the US where sports betting is legalizing state-by-state), and their reliable platform performance.
For investors or those analyzing NVEI, this award provides qualitative evidence supporting the quantitative data like volume and revenue growth. It suggests that a significant portion of their growth is coming from a strategically important, high-value vertical where they possess a competitive advantage. This specialized expertise in areas like iGaming, alongside their broader capabilities in eCommerce and other sectors, contributes to Nuvei‘s overall value proposition in the crowded payment solutions market. It reinforces their EEAT – demonstrating Expertise and Authority within a complex domain.
What the Go-Private Means for Nuvei’s Future: Strategic Flexibility
Completing the going-private transaction fundamentally alters Nuvei‘s operating environment. While the core business of providing digital payments solutions remains unchanged, the change in ownership structure unlocks new possibilities and shifts priorities. What might this mean for Nuvei‘s future trajectory?
Firstly, operating as a private company typically provides greater strategic flexibility. Public companies are often heavily scrutinized on a quarterly basis, with significant market reactions to short-term fluctuations in revenue, profitability, or guidance. This can sometimes lead to decisions that prioritize immediate financial results over longer-term investments in R&D, market expansion, or infrastructure that might depress short-term earnings but are crucial for sustainable future growth.
Under private ownership, particularly with a long-term-focused partner like Advent International and continued involvement from founders and long-term investors, Nuvei may have more latitude to invest aggressively in new technologies, pursue larger or more complex acquisitions, or enter challenging new markets without the immediate pressure of public market expectations. This could mean faster product innovation cycles, more significant geographical expansion efforts, or deeper integration into complex ecosystems like embedded finance or real-time payments.
Secondly, the new ownership structure pools resources and expertise from Advent, Philip Fayer, Novacap, and CDPQ. Advent International brings extensive experience in scaling global businesses across various sectors. Combining this with Philip Fayer‘s deep industry knowledge and entrepreneurial vision, and the continued support of long-term partners, could provide a powerful blend of strategic guidance and operational execution capability. This collective expertise could help Nuvei navigate the competitive landscape and capitalize on emerging trends in the fintech space more effectively.
While details about specific strategic shifts under private ownership will likely be less public than before, the general expectation is that Nuvei will continue its focus on driving transaction volume, expanding into high-growth verticals and geographies, and enhancing its technology platform. The freedom from quarterly reporting cycles could allow them to take a longer-term view on these initiatives, potentially accelerating their evolution into a leading global payment technology provider outside the public eye. For those interested in NVEI prior to privatization, understanding this shift is key to appreciating the company’s future direction and the potential implications for its long-term value creation.
Navigating Nuvei’s Journey: A Comprehensive Look at Recent Events
Let’s consolidate our understanding of Nuvei‘s recent journey. We’ve examined the pivotal going-private transaction led by Advent International, a move that injects new capital and strategic perspective while allowing Nuvei to operate away from the glare of public markets. We’ve also analyzed their Q3 2024 financial performance, noting strong volume and revenue growth, a significant turnaround in Net Income, and the nuanced picture presented by Adjusted EBITDA and Adjusted Net Income figures. These financial results demonstrate a business that is fundamentally expanding and improving its operational efficiency, even as it undergoes a major structural change.
Crucially, we looked at the driving forces behind Nuvei‘s operational momentum: its strategic partnerships and technological innovations. From embedding payment solutions within major platforms like GiG’s CoreX and BigCommerce, to pioneering blockchain payments in LATAM, enhancing its offerings for marketplaces with Nuvei for Platforms, and embracing Open Banking, Nuvei is actively investing in expanding its capabilities and reach. These initiatives are complemented by tangible steps in global expansion, such as securing regulatory licenses in Brazil and the UAE and launching services in markets like Japan and the UK iGaming sector. The industry recognition, highlighted by the American Gambling Awards, validates their strength in specialized verticals.
Taken together, these recent events paint a picture of a company in transition, but one that remains focused on executing its core strategy. The privatization provides a new framework, but the underlying business appears healthy and growth-oriented. The interplay between corporate finance events (the go-private deal) and operational performance (Q3 results, partnerships, innovation) is a key area for analysis. Understanding how these different facets interact provides a more complete view of Nuvei than looking at any single event in isolation.
For those interested in the broader fintech space or the specifics of Nuvei‘s business model, this period is rich with learning opportunities. It demonstrates how companies adapt their structure to support their strategic goals and how operational execution continues irrespective of ownership changes. As a leader in providing global payments solutions, Nuvei‘s journey reflects many of the key trends and challenges facing the industry today, from globalization and localization needs to regulatory compliance and technological disruption (like blockchain and Open Banking).
Key Takeaways for Investors and Traders
Even though Nuvei (NVEI) is transitioning to private ownership, the information surrounding this process and the latest earnings provides valuable lessons and insights applicable to understanding other companies and the broader market. What are the key takeaways for you as an investor or trader?
- Corporate Structure Matters: The shift to private ownership fundamentally changes a company’s reporting requirements, strategic focus (less pressure for short-term results), and access to capital. Understanding the motivations and implications of such large-scale corporate actions is crucial.
- Financial Metrics Need Context: Don’t just look at headline numbers. Dive into the details. Understand the difference between statutory Net Income and Adjusted metrics like EBITDA and Net Income. Analyze the *reasons* behind changes and the *adjustments* made to get a true picture of operational performance.
- Growth Drivers are Diverse: For a company like Nuvei, growth isn’t monolithic. It’s driven by increasing transaction volume, expanding geographically (new markets, licenses), entering new verticals (iGaming, marketplaces), and securing strategic partnerships that embed their services more deeply into commerce flows.
- Innovation is Key to Staying Competitive: The payments industry is constantly evolving. Nuvei‘s investments in areas like blockchain for settlements, enhanced platform capabilities for embedded payments, and Open Banking demonstrate the need for continuous technological innovation to maintain market position and tap into future growth areas.
- Regulatory Compliance Enables Expansion: Operating globally requires navigating complex regulatory landscapes. Obtaining licenses in key regions like Brazil and the UAE isn’t just bureaucracy; it’s a fundamental requirement for legitimate and scalable operations, highlighting the company’s trustworthiness and long-term approach.
- Industry Recognition Provides Validation: Awards and recognition, like the iGaming PSP of the Year, offer external validation of a company’s expertise and competitive advantage in specific niches. This qualitative data can support the quantitative financial analysis.
Understanding these points allows you to build a more complete mosaic of a company’s health and potential. Whether you use technical analysis, fundamental analysis, or a blend of both, having a solid grasp of these elements provides a stronger foundation for your decisions. Nuvei‘s recent activities serve as a compelling case study in the interplay of corporate strategy, financial performance, and operational execution in the dynamic fintech sector.
Conclusion: Nuvei’s Position Entering Private Ownership
As Nuvei (NVEI) completes its transition to being a privately held company under the leadership of Advent International and its continuing partners, it does so from a position of operational strength. The Q3 2024 results demonstrated robust growth in key areas like total volume and revenue, alongside a significant improvement in statutory net income, even as adjusted metrics saw slight decreases – a nuance requiring careful consideration of the underlying numbers.
The strategic foundation for future growth remains strong, built upon a vast network of global partnerships across diverse verticals such as iGaming, eCommerce, and Travel. Nuvei‘s ongoing investment in innovative payment technology, including blockchain solutions, enhanced platform capabilities for marketplaces, and Open Banking integration, positions it to capture opportunities in the evolving digital payments landscape. Furthermore, successful navigation of regulatory hurdles and expansion into key international markets underscore its commitment to compliant and sustainable growth.
Freed from the constant scrutiny of quarterly public reporting, Nuvei and its new owners are strategically positioned to focus on long-term value creation. This could involve accelerating investments in technology and infrastructure, pursuing transformative acquisitions, or dedicating resources to deeper integration within partner ecosystems. While the public market will no longer trade NVEI shares, the company’s journey in the global fintech space continues, driven by its core mission to provide advanced, flexible, and reliable payment solutions worldwide.
Understanding companies like Nuvei, whether public or private, helps sharpen your analytical skills as you approach the markets. By breaking down complex events like a go-private transaction and detailed earnings reports into understandable components, we gain valuable insights that can be applied more broadly. We hope this deep dive has illuminated Nuvei‘s recent path and provided a clearer perspective on its strategic direction as it enters this new era.
| Key Financial Metrics | Q3 2023 | Q3 2024 |
|---|---|---|
| Total Volume | $48.2 billion | $61.3 billion |
| Revenue | $305.5 million | $357.6 million |
| Net Income | -$18.1 million | $17.2 million |
| Ownership Structure | Stake Percent |
|---|---|
| Advent International | 46% |
| Philip Fayer (Chair & CEO) | 24% |
| Novacap | 18% |
| CDPQ | 12% |
| Strategic Partnerships | Description |
|---|---|
| Gaming Innovation Group (GiG) | Partnership to integrate payment solutions into the CoreX platform. |
| BigCommerce | Providing omnichannel payment solutions to merchants across regions. |
| Radisson Hotel Group | Selected as the preferred payments partner for seamless transactions. |
nvei earningsFAQ
Q：What are the recent Q3 2024 financial results for Nuvei?
A：Nuvei reported a total volume of $61.3 billion, revenue of $357.6 million, and net income of $17.2 million.
Q：How did Nuvei’s ownership structure change after going private?
A：Advent International now holds a 46% stake, while Philip Fayer retains 24%, and Novacap and CDPQ hold 18% and 12% respectively.
Q：What strategic partnerships has Nuvei established?
A：Nuvei has partnerships with Gaming Innovation Group to integrate payment solutions, BigCommerce for omnichannel solutions, and Radisson Hotel Group for preferred payment processing.
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