The acquisition is highly strategic and complementary to both businesses, aimed at accelerating the growth of the combined organization. “By marrying SafeCharge’s market-leading technology and Nuvei’s established distribution channels in the US and Canada, Nuvei will now be able to deliver fully-supported payment solutions to its clients and distribution networks, regardless of size, vertical or geography,” said David Lewin, Partner at Novacap (TMT).
“I would like to thank our partner Philip Fayer for being the driving force behind this acquisition, while continuing to successfully excute on Nuvei’s strong growth potential, as well as CDPQ, our partner in Nuvei, for their constant support. I am very happy to say that Safeharge is the largest acquisition in Novacap’s 38 year history making Nuvei another Novacap platform that is a leader in its industry with headquarters in Montreal” added Pascal Tremblay, Novacap’s President and Managing Partner (TMT).
“Without Novacap and CDPQ, Nuvei would not have been able to complete this acquisition,. I am very proud to have them as my partners” stated Philip Fayer, Nuvei’s Chairman and CEO.
Nuvei is the first-ever community of payment experts. They provide fully-supported payment solutions designed to promote and advance our partners’ success. Nuvei works with ISOs, ISVs, payment facilitators, developers, and eCommerce platforms, supporting them with the technology, expertise, and customer service they need to stand out. Backed by their full-service, globally connected platform, their vision is to build a network in which all partners can truly thrive. Nuvei’s goal is to create bigger and better payment opportunities for all, paving the way to great partnerships. Learn more at www.nuvei.com
Founded in 1981, Novacap is a leading Canadian private equity firm with $3.2 billion of assets under management. Its distinct investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous portfolio companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class businesses. Backed by leading global institutional investors, Novacap’s deals typically include leveraged buyouts, management buyouts, add-on acquisitions, IPOs, and privatizations. Over the last 38 years, Novacap has invested in more than 90 companies and completed more than 130 add-on acquisitions. The company has offices in Toronto, Ontario and Brossard, Quebec. For more information, please visit www.novacap.ca.
ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2019, it held CAD 326.7 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.
Alexandra TroubetzkoyCommunications and Marketing Director450 651-5000 p.291