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Advent to buy Ryan Reynolds-backed fintech Nuvei in $6.3 bn deal

Private Equity Insights

Private equity firm Advent International has agreed to buy Canada’s Nuvei NVEI.TO The deal, valued at $34 per share, will take Nuvei private almost four years after the company was listed on the Toronto Stock Exchange. The buyout of Nuvei, which has a market capitalization of nearly $4.42

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At the Money: Finding Overlooked Private Investments

The Big Picture

 At The Money: Finding Overlooked Private Investments , with Soraya Darabi, TMV (October 02, 2024) The Efficient Market Hypothesis informs us that stock markets reflect all of the information known about any company. But is that also true for start-ups and venture-funded private companies?

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Will OMERS and BCI Drown Along With Thames Water?

Pension Pulse

The company is still in talks with its shareholders about raising as much as £1 billion in fresh funds following a £500 million injection agreed last year. Its largest shareholder is Canadian pension fund Ontario Municipal Employees Retirement System (Omers), which holds a nearly 32 per cent stake. OMERS has not replied.

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How CDPQ Used the Secondaries Market to Address Overallocation

Pension Pulse

Moving into 2023, he set a goal of reducing the pension’s PE allocation to 18 percent within three years, primarily by selling companies and exiting fund stakes via the secondaries market. These professionals had been trained to spot top private companies and PE funds, rather than to sell their investments.

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CPP Investments and GIP Taking ALLETE Private in US$6.2 Billion Deal

Pension Pulse

Transitioning to a private company with these strong partners will not only limit our exposure to volatile financial markets, it also will ensure ALLETE has access to the significant capital needed for our planned investments now and over the long term. Per Share in Cash DULUTH, Minn.— May 6, 2024 — ALLETE, Inc. Advisors J.P.