Nuvei to acquire Payoneer in USD2.75b deal
Nuvei agreed to acquire Payoneer Global Inc. in an all-cash transaction valued at approximately USD 2.75 billion, combining Nuvei’s merchant payment processing business with Payoneer’s cross-border payments platform. Under the agreement, Nuvei will acquire Payoneer’s outstanding common stock for USD 7.40 per share.
The combined company is expected to provide businesses with a single platform to accept, hold, and move money across more than 190 countries and territories, including support for stablecoin transactions. At close, the combined business is expected to generate approximately USD 3 billion in annual revenue and process more than USD 500 billion in annual payment volume.
Davis Polk is acting for Payoneer, while Simpson Thacher and Stikeman Elliott are representing Nuvei.
