Nuvei Corp. claims to have received all necessary regulatory approvals for the company to go private.
The Montreal-based fintech company, which is to be acquired by US private equity firm Advent International and taken private at a valuation of US$6.3 billion, now says it expects the deal be concluded on Friday.
The company, which reports in U.S. dollars, reported late Tuesday that its third-quarter net profit was $17.2 million, compared with a net loss of $18.1 million a year ago.
The company says profit was 10 cents per diluted share attributable to shareholders for the quarter ended Sept. 30, compared with a loss of 14 cents per share a year earlier.
On an adjusted basis, Nuvei earned 34 cents per diluted share attributable to shareholders in its most recent quarter, compared to adjusted earnings of 39 cents per share in the same quarter last year.
Revenue rose 17 percent to $357.6 million in the latest quarter, up from $304.9 million a year earlier.
This report by The Canadian Press was first published November 13, 2024.