Nuvei, a global payments technology provider focused on payment acceptance, payout services and financial infrastructure for merchants and platforms, has agreed to acquire Payoneer Global, representing an equity value of approximately $2.75 billion.
The transaction will combine Nuvei’s global payment acceptance platform with Payoneer’s (Nasdaq: PAYO) cross-border payments infrastructure, creating a unified financial technology platform spanning payment acceptance, payouts, treasury management, foreign exchange, card issuance and embedded financial services. Payoneer, headquartered in New York, provides cross-border payment and financial services to millions of businesses worldwide. The company operates a global network supporting multi-currency accounts, cross-border payouts, and same-day or real-time settlement capabilities across more than 150 markets. The company also maintains a significant regulatory footprint, including payment services licensing in China and authorization in principle as a cross-border payment aggregator in India.
Goldman Sachs served as lead financial advisor to Nuvei, with Barclays Capital also providing financial advice. Simpson Thacher & Bartlett and Stikeman Elliott acted as legal counsel to Nuvei. Qatalyst Partners served as financial advisor to Payoneer, while Davis Polk & Wardwell acted as legal counsel. Committed financing for the transaction is being provided by BMO Capital Markets, RBC Capital Markets, Barclays, UBS and Wells Fargo.