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Advent International

All articles tagged with #advent international

finance12 days ago•22 min saved

PayPal Eyes Sale Talks With Stripe-Advent Group After Rejected Bid

PayPal is reportedly in talks to sell itself to a Stripe-led consortium including Advent International after turning down Stripe’s $60.50-per-share bid, fueling speculation of a higher offer. A deal would combine PayPal’s consumer network (Venmo, Braintree) with Stripe to create a payments platform handling roughly $3.7 trillion in annual volume, but would face regulatory scrutiny. No agreement is signed yet. PayPal’s Q2 results beat expectations ($8.68B revenue, $1.38 non-GAAP EPS) and the stock rose on the deal chatter, as investors weigh the possibility of a higher bid or a partial carve-out.

via Yahoo Finance|

#acquisition #advent-international #finance

finance1 month ago•19 min saved

PayPal at a crossroads as bidders circle a take-private bid

PayPal is reportedly facing a take-private bid around $53 billion from Stripe and Advent International, with the board seeking more than $60.50 a share and weighing whether the company should remain intact or be broken up for asset sales. The move comes as PayPal lags rivals like Apple Pay and struggles to accelerate growth, prompting questions about value as a single entity versus its components (e.g., Venmo). Stripe and Advent have reportedly lined up about $17 billion in equity and $50 billion in financing, though competing bids seem unlikely.

via Yahoo Finance|

#advent-international #digital-payments #finance

business1 month ago•16 min saved

PayPal stock soars on Stripe-Advent buyout bid at $60.50 a share

PayPal stock jumped after Reuters reported that Stripe and private equity firm Advent International have submitted a buyout offer to acquire PayPal at $60.50 a share, valuing the company at more than $53 billion with a proposed 50/50 ownership split and about $50 billion in committed financing. PayPal and Stripe declined to comment, Advent did not respond, and the move comes amid fierce payments competition from Apple, Block, Stripe and BNPL firms; some investors, including Michael Burry, say the bid undervalues the company and would require a higher price to reflect a control premium.

via Yahoo Finance|

#acquisition #advent-international #business

business1 month ago•16 min saved

PayPal stock jumps on Stripe-Advent buyout proposal valued at over $53 billion

PayPal shares surged about 16% after Reuters reported Stripe and private-equity firm Advent International submitted a buyout proposal valuing PayPal at more than $53 billion with each owning 50%, backed by roughly $50 billion in financing; PayPal and Stripe declined to comment, and investor Michael Burry said the bid should be higher given the company's intrinsic value amid intensifying competition from Apple, Block, Affirm and Klarna.

via Yahoo Finance|

#advent-international #business #manda

business1 month ago•1 min saved

Stripe and Advent target PayPal in $53B-plus takeover bid

Stripe and Advent International have submitted a joint offer to acquire PayPal at $60.50 per share, valuing the company at more than $53 billion and backed by roughly $50 billion in committed financing. The proposal envisions equal ownership of PayPal and comes after a previous approach, but PayPal has not yet responded and there’s no certainty a deal will materialize. PayPal has faced slowing growth and rising competition from rivals like Apple Pay and Google Pay; CEO Enrique Lores has begun a turnaround with a three-unit structure—Checkout, Venmo, and Payments & Crypto.

via CNBC|

#acquisition #advent-international #business

business-finance2 years ago•1 min saved

"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.

via Yahoo Finance|

#acquisition #advent-international #business-finance

business2 years ago•1 min saved

Nuvei, Backed by Ryan Reynolds, Nears Buyout Deal with Advent: WSJ

Nuvei Corp, a Canadian payments processor backed by actor Ryan Reynolds, is in advanced talks with private equity firm Advent International for a buyout. The deal, which could be announced soon, may still fall apart. Nuvei, which provides payments services to the sports betting industry, has a market capitalization of C$4.1 billion ($3 billion) and its shares have declined 49% over the past year. After Reynolds invested in Nuvei last April, Spruce Point Capital Management published a critical report on the payments firm, questioning its $1.3 billion acquisition of payments platform Paya Holdings Inc.

via Yahoo Finance|

#advent-international #business #buyout-deal

business-and-finance2 years ago•1 min saved

"Fisher Investments Refutes Sale Speculation Amidst Media Reports of Advent Talks"

Fisher Investments has publicly refuted a Wall Street Journal report claiming that the firm is in discussions to be sold to private-equity firm Advent International. The company's executive vice president, Naj Srinivas, stated that there is no such deal taking place. The WSJ had reported that talks were ongoing but also acknowledged that a deal might not happen or other buyers could appear. Advent International has not commented on the matter. Fisher Investments, founded by Ken Fisher, is a significant asset management firm with about $236 billion in assets worldwide.

via MarketWatch|

#acquisition-talks #advent-international #asset-management

business3 years ago•7 min saved

Baxter Sells BioPharma Solutions Business for $4.25B.

Baxter International has signed a definitive agreement to sell its BioPharma Solutions (BPS) business to Advent International and Warburg Pincus for $4.25bn in cash. The deal is expected to close in H2 2023, subject to regulatory approvals. BPS has been a leading provider of sterile contract manufacturing solutions, parenteral delivery systems and customized support services to the pharma and biotech industries for decades. As a standalone company and in partnership with Advent and Warburg Pincus, BPS will operate as a premier, independent end-to-end CDMO providing a range of services for clients, from clinical research to commercial deployment.

via Baxter|

#advent-international #baxter-international #biopharma-solutions

business3 years ago•1 min saved

Warburg and Advent Leading Bid for Baxter's Biopharma Unit in Multi-Billion Dollar Deal

Private equity firms Warburg Pincus and Advent International are in advanced talks to acquire Baxter International's biopharma solutions business in a deal that could reach or exceed $4 billion. The buyout consortium has turned to other private equity firms to help fund the deal as direct lenders. Baxter may still opt to sell to another bidder or keep the business. Baxter's biopharma solutions unit supports drugmakers in the formulation, development and commercialization of drugs typically given by infusion or injection, such as biologics and vaccines.

via Reuters|

#advent-international #baxter-international #biopharma