M&A
confidence high
sentiment neutral
materiality 1.00
Nuvei to acquire Payoneer for $2.75B, $7.40 per share in cash
Payoneer Global Inc.
- Nuvei to buy all Payoneer shares for $7.40 cash per share, ~$2.75B equity value.
- Combined company expected to generate ~$3B revenue and process >$500B payment volume annually.
- Transaction supported by voting agreements covering ~19% of Payoneer outstanding shares.
- CEO John Caplan to cease employment at close; will serve as consultant for 9 months.
- Termination fees: $89M (Payoneer) and $165M (Nuvei); closing conditions include antitrust and money transmitter approvals.