Nuvei adds Payoneer
The deal creates a payments platform expected to generate $3 billion in annual revenue and process more than $500 billion in payment volume for over 2.4 million customers.
Takeaways
- Payoneer is a cross-border payments and financial platform.
- Nuvei is acquiring Payoneer with backing from Advent International.
- Disclosed scale includes $2.75 billion.
Payoneer, a cross-border payments and financial platform for small businesses transacting on Amazon, eBay, Walmart, and other digital commerce marketplaces, will be acquired by Advent International-backed Nuvei in an all-cash deal valued at $2.75 billion.
The combined company is expected to process more than $500 billion in annual payment volume across 190-plus countries and territories.
"For two decades, Payoneer has earned the trust of millions of businesses in markets where trust takes years to build," said John Caplan, Chief Executive Officer of Payoneer.
Committed financing is provided by BMO Capital Markets, RBC Capital Markets, Barclays, UBS, and Wells Fargo.
LLC served as lead financial advisor to Nuvei, with Barclays also advising; Simpson Thacher & Bartlett LLP and Stikeman Elliott LLP provided legal counsel.
Qatalyst Partners advised Payoneer and Davis Polk & Wardwell LLP acted as legal counsel.
The acquisition is expected to close in mid-2027, subject to shareholder and regulatory approvals.
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