Nuvei in Talks for Buyout by Advent International After Share Drop

• Nuvei Corp., a Canadian payments processor backed by Ryan Reynolds, is in advanced talks with Advent International for a buyout deal • A deal could be announced soon, though talks could still fall apart • Nuvei provides payments services to the sports betting industry and has a market cap of $3 billion • Shares of Nuvei have declined 49% over the past year • The potential deal comes after short-seller Spruce Point Capital published a critical report on Nuvei last year related to its acquisition of Paya Holdings