"Advent Nearing Acquisition of Ryan Reynolds-Backed Nuvei"

Advent International has agreed to buy Canadian payments processor Nuvei Corp for $6.3 billion, including debt, in a deal that reflects growing confidence among private equity dealmakers. The buyout firm will pay $34 per share in cash for Nuvei, marking the beginning of a new chapter for the company. Nuvei, backed by actor Ryan Reynolds, provides payment services and partners with brands such as Virgin Atlantic Airways, Shein Group, DraftKings, and BetMGM. The value of private equity buyouts targeting North American companies is up almost 7% this year, reaching about $44 billion.