05:19 PM EDT, 08/06/2024 (MT Newswires) -- Nuvei ( NVEI ) edged down in after-hours Nasdaq trading after the company on Tuesday after hours said its second-quarter adjusted profit rose 7.8% on higher revenue.

The electronic-payments company said its adjusted profit rose 7.8% to US$62.6 million or US$0.41 per share, in the period, down from $58.1 million, or US$0.39, in the year-prior quarter.

Revenue rose 13% to US$345.5 million from $307 million.

Nuvei ( NVEI ) is being acquired by Advent International, a private equity investor, with current Canadian shareholders Philip Fayer, certain funds managed by Novacap Management and Caisse de depot et placement du Quebec, in a cash transaction valuing the company at US$6.3 billion. The transaction is expected to close later this year or the first quarter of 2025.

Nuvei ( NVEI ) shares were last seen down US$0.04 to US$32.96 after hours. They closed $0.29 lower, to $45.42, on the Toronto Stock Exchange.