PayLens /Companies

Advent International

Private equity

USUSFounded 1984
Employees
660+
Headquarters
Boston, Massachusetts, US

What it does

Boston private equity firm founded in 1984, with more than 430 transactions across 44 countries. In payments it holds Nuvei, taken private in November 2024 at about $6.3bn, and myPOS, bought through its Circle platform in 2024.

Ownership

Owns
Nuvei

Deals

  • Apr 2024·acquired NuveiUS$34.00/share cash (~56% premium to the 15 Mar 2024 close); Advent-formed Neon Maple Purchaser Inc. acquired all shares. Founder-CEO Philip Fayer, Novacap and CDPQ rolled equity; post-close Advent ~46%, Fayer ~24%, Novacap ~18%, CDPQ ~12%. Completed 15 Nov 2024; delisted from TSX (18 Nov) and Nasdaq (25 Nov)
  • Nov 2023·acquired myPOSAdvent formed AI Circle Bidco Ltd to buy 100% of myPOS World Ltd, a Bulgarian provider serving around 170,000 merchants in continental Europe; no party disclosed the consideration
  • Jan 2017·acquired ConcardisAdvent and Bain bought Concardis from the German private, co-operative and savings-bank associations and DZ Bank. Financial terms were not disclosed. Concardis merged into Nets a year later.
  • Jun 2015·acquired NexiThe consortium bought control of ICBPI, the Italian bank-owned payments group behind the CartaSì card business, for €2.15B; the selling shareholder banks kept 8%. ICBPI was renamed Nexi in 2017.

PayLens Radar

The newsletter on European payments: the week in five minutes. The developments that matter, curated and sourced, every Tuesday in your inbox. Free, no account needed.

Next issue in

––days
––hrs
––min
––sec

Every Tuesday · Free · Unsubscribe in one click

Double opt-in. Details in the privacy policy.

Read the latest issue