MONTREAL and PLANO, Texas, October 23, 2018 – Pivotal Payments, a leading provider of technology-driven global payment processing solutions, announces that beginning today, the company will operate under the new brand name of Nuvei.

The rebrand reinforces the company’s dedication to its partners, creating the first-ever community of payment experts. Read More

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News & Events

Novacap and la Caisse announce a strategic investment in Pivotal Payments

  •  The transaction values Pivotal at approximately $525 million ($430MM USD)
  • This investment will allow Pivotal to pursue its strategic acquisition plan

Montréal, September 27, 2017 –  Novacap and Caisse de dépôt et placement du Québec announced today an investment in Pivotal Payments (Pivotal), a Québec business that specializes in payment processing solutions and merchant services. The new shareholders, who have extensive expertise in international business expansions, will enable Pivotal to pursue its plan to acquire new payment and fintech solutions and expand into new markets. 

With operations throughout North America and Europe, Pivotal serves more than 50,000 merchants. Over USD $14 billion is transacted on its various platforms every year. In addition to the services it provides to traditional point of sale businesses, Pivotal also offers global e-commerce solutions, advantageously positioning the company to benefit from this sector’s significant growth and from integrating with payment-enabled software companies.

“This investment marks an important step for Pivotal. We pursued an aggressive growth plan over the last few years, and we have chosen the best partners to support us going forward,” said Philip Fayer, Pivotal’s founding President and Chief Executive Officer.

“Novacap is especially proud to be associated with Pivotal, a business with solid roots and a promising future,” said Pascal Tremblay, President and Managing Partner at Novacap. “We are eager to begin working with Philip Fayer and his team and actively participate in his ambitious growth plan.”

“By investing in Pivotal, la Caisse is supporting the growth of a Québec business that is already well-established in its sector and focuses on innovation to expand internationally,” explained Christian Dubé, Executive Vice-President, Québec at la Caisse. “This investment is an example of how we want to play an active role in the digitization of business so that Québec companies can be fully-equipped to benefit from the rise of e-commerce.”

RBC Capital Markets acted as a financial advisor to Novacap for this transaction. FT Partners acted as exclusive financial advisor to Pivotal in this transaction.


Founded in 1981, Novacap is a leading Canadian private equity firm with $2.26 billion of assets under management. The Firm has raised over $2.6 billion in capital since its inception. Novacap’s unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and create long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies. For more information, please visit


Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2017, it held $286.5 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.


Pivotal Payments is a leading provider of technology-driven, end-to-end payment processing solutions. We service the global eCommerce, SMB acquiring and integrated payments (ISV) markets, enabling a wider range of payment acceptance solutions under one innovative platform. Backed by experienced people, cutting edge technology and effective processes, we strive to create meaningful growth for our clients, partners and employees across multiple geographies and industries. As a full-fledged merchant processor for all major card brands, plus a principal member of Interac® and UnionPay International, we provide direct connectivity with the world's largest payment networks to power your success. Learn more at or

For more information:


Senior Advisor, Communications & Marketing
O: 450 651-5000, ext. 225
C: 514 296-9838

Jean-Benoit Houde
Caisse de dépôt et placement du Québec
Senior Advisor, Media and Public Relations
+1 514 847-5493

Marketing Director
514-313-1190 ext. 8001


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