Nuvei Corp., a global payments technology company headquartered in Montreal, has bought Paya Holdings, an integrated payments provider and a portfolio company of private equity firm GTCR.
Headquartered in Atlanta, Paya is a payments platform serving customers in end markets such as business-to-business, government, utilities, non-profit and healthcare. Paya processes over $45 billion in annual payment volume and serves over 100,000 end customers through over 2,000 software vendors and other distribution partners. The company will be acquired in an all-cash transaction with a total enterprise value of approximately $1.3 billion.
JP Morgan Securities LLC and Raymond James & Associates are serving as financial advisors to Paya and Kirkland & Ellis LLP is serving as Paya’s legal advisor. Simpson Thacher & Bartlett LLP is serving as legal counsel for GTCR.