Sec Form 13D Filing - Fayer Philip filing for Nuvei Corp (NVEI) - 2024-11-15

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

NUVEI CORPORATION

(Name of Issuer)

Subordinate Voting Shares, no par value

(Title of Class of Securities)

67079A102

(CUSIP Number)

 

Novacap Management Inc.

3400 rue de l’Éclipse, Suite 700 Brossard, Québec, J4Z 0P3, Canada

Attention: Chief Legal Officer

(450) 651-5000

 

Caisse de dépôt et placement du Québec

1000, place Jean-Paul-Riopelle

Montréal, Québec H2Z 2B3

Attention: Soulef Hadjoudj

(514) 847-5998

 

Philip Fayer

900-1100 René-Lévesque Boulevard West

Montreal, Québec H3B 4N4

(310) 654-4212

  

Whiskey Papa Fox Inc.

345 Victoria Avenue, Suite 510 Westmount

Québec H3Z 2N1

Attention: Philip Fayer

(310) 654-4212

With a copy to:

Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
Attention: Russell Leaf, Esq.
Jared Fertman, Esq. (212) 728-8000

 

With a copy to:

Mayer Brown LLP

1221 6th Ave

New York, NY 10020

Attention: Anna Pinedo, Esq.

Jerry Marlatt, Esq.

(212) 506-2500

 

With a copy to:

Osler, Hoskin & Harcourt LLP

20-1325 Avenue of the Americas

New York, NY 10019

Attention: Raphael Amram Esq. / Rob Lando Esq.

(212) 991-2504

  

With a copy to:

Osler, Hoskin & Harcourt LLP

20-1325 Avenue of the Americas

New York, NY 10019

Attention: Raphael Amram Esq. / Rob Lando Esq.

(212) 991-2504

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

November 15, 2024

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: 

 

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).

 

 

 


CUSIP No. 67079A102    SCHEDULE 13D    Page 1 of 7

 

 1.   

NAME OF REPORTING PERSON:

 

 NOVACAP MANAGEMENT INC.

 2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 (a) ☐  (b) ☒

 

 3.  

SEC USE ONLY

 

 4.  

SOURCE OF FUNDS

 

 OO

 5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):

 

 ☐

 6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Canada

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

    7.   

SOLE VOTING POWER

 

 0

    8.  

SHARED VOTING POWER

 

 0

    9.  

SOLE DISPOSITIVE POWER

 

 0

   10.  

SHARED DISPOSITIVE POWER

 

 0

11.   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 0

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 ☒

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 0%

14.  

TYPE OF REPORTING PERSON

 

 CO

 

- 1 -


CUSIP No. 67079A102    SCHEDULE 13D    Page 2 of 7

 

 1.   

NAME OF REPORTING PERSON:

 

 Caisse de dépôt et placement du Québec

 2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 (a) ☐  (b) ☒

 

 3.  

SEC USE ONLY

 

 4.  

SOURCE OF FUNDS

 

 OO

 5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):

 

 ☐

 6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Canada

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

    7.   

SOLE VOTING POWER

 

 0

    8.  

SHARED VOTING POWER

 

 0

    9.  

SOLE DISPOSITIVE POWER

 

 0

   10.  

SHARED DISPOSITIVE POWER

 

 0

11.   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 0

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 ☒

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 0%

14.  

TYPE OF REPORTING PERSON

 

 OO

 

- 2 -


CUSIP No. 67079A102    SCHEDULE 13D    Page 3 of 7

 

 1.   

NAME OF REPORTING PERSON:

 

 Whiskey Papa Fox Inc.

 2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 (a) ☐  (b) ☒

 

 3.  

SEC USE ONLY

 

 4.  

SOURCE OF FUNDS

 

 OO

 5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):

 

 ☐

 6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Canada

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

    7.   

SOLE VOTING POWER

 

 0

    8.  

SHARED VOTING POWER

 

 0

    9.  

SOLE DISPOSITIVE POWER

 

 0

   10.  

SHARED DISPOSITIVE POWER

 

 0

11.   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 0

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 ☒

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 0%

14.  

TYPE OF REPORTING PERSON

 

 CO

 

- 3 -


CUSIP No. 67079A102    SCHEDULE 13D    Page 4 of 7

 

 1.   

NAME OF REPORTING PERSON:

 

 Philip Fayer

 2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 (a) ☐  (b) ☒

 

 3.  

SEC USE ONLY

 

 4.  

SOURCE OF FUNDS

 

 OO

 5.  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e):

 

 ☐

 6.  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 Canada

NUMBER OF

SHARES  BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

 

    7.   

SOLE VOTING POWER

 

 0

    8.  

SHARED VOTING POWER

 

 0

    9.  

SOLE DISPOSITIVE POWER

 

 0

   10.  

SHARED DISPOSITIVE POWER

 

 0

11.   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 0

12.  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 ☒

13.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 0%

14.  

TYPE OF REPORTING PERSON

 

 IN

 

- 4 -


CUSIP No. 67079A102    SCHEDULE 13D    Page 5 of 7

 

ITEM 1.

SECURITIES AND ISSUER

This Amendment No. 1 is being filed to amend the Statement as originally filed with the Securities and Exchange Commission (the “SEC”) on April 8, 2024 and relates to the subordinate voting shares (the “Subordinate Voting Shares”) and multiple voting shares (the “Multiple Voting Shares” and, together with the Subordinate Voting Shares, the “Shares”) of Nuvei Corporation (the “Issuer”). The Issuer’s principal executive offices are located at 1100 René-Lévesque Boulevard West, Suite 900, Montreal, Québec, Canada H3B 4N4.

This Amendment No. 1 is being filed in connection with the completion on November 15, 2024 (the “Closing Date”) of the previously announced plan of arrangement (the “Plan of Arrangement”) pursuant to Section 192 of the Canada Business Corporations Act, contemplated by an Arrangement Agreement between Neon Maple Purchaser Inc. (the “Purchaser”) and the Issuer, dated as of April 1, 2024 (the “Arrangement Agreement”).

On November 15, 2024, the previously disclosed transactions contemplated by the Plan of Arrangement and the Arrangement Agreement were consummated. As a result of the Arrangement, none of Novacap Management Inc. (“Novacap”), Caisse de dépôt et placement du Québec (“CDPQ”), Whiskey Papa Fox Inc. (“WPFI”) or Philip Fayer (“Mr. Fayer”) (together the “Reporting Persons” and each a “Reporting Person”) beneficially own any Shares of the Issuer.

 

ITEM 4.

PURPOSE OF TRANSACTION

Item 4 is hereby supplemented to include the information set forth in Item 1 of this Statement.

 

ITEM 5.

INTEREST IN SECURITIES OF THE ISSUER

Item 5 is hereby amended and restated as follows:

(a)-(b) The aggregate number and percentage of the Multiple Voting Shares (and Subordinate Voting Shares) beneficially owned by the Reporting Persons and the number of Multiple Voting Shares (and Subordinate Voting Shares) as to which the Reporting Persons have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference.

As of the date hereof and after giving effect to the Arrangement described in Item 4 above, none of the Reporting Persons beneficially owns any Shares, and none of the Reporting Persons has or shares the power to vote or to direct the vote, or the power to dispose or direct the disposition of, any Shares.

(c) Except as disclosed in this Schedule 13D, the Reporting Persons have not entered into any transactions in the Subordinate Voting Shares during the past sixty days.

(d) Except as disclosed in this Schedule 13D, no person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Multiple Voting Shares beneficially owned by the Reporting Persons (or the Subordinate Voting Shares issuable upon conversion thereof).

(e) November 15, 2024.

 

ITEM 6.

CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

The information set forth in Items 4 and 5 of this Amendment No. 1 is hereby incorporated by reference in its entirety.

 

- 5 -


CUSIP No. 67079A102    SCHEDULE 13D    Page 6 of 7

 

ITEM 7.

MATERIAL TO BE FILED AS EXHIBITS

 

   
Exhibit 99.1     Press Release, dated November 15, 2023 (incorporated by reference to Exhibit 99.1 to Nuvei Corporation’s report on 6-K submitted to the SEC on November 15, 2024).

 

- 6 -


SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: November 15, 2024

 

NOVACAP MANAGEMENT INC.
By:   /s/ Pascal Tremblay
Name:   Pascal Tremblay
Title:   President and CEO, Management Partner
CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
By:   /s/ Soulef Hadjoudj
Name:   Soulef Hadjoudj
Title:   Authorized Signatory
WHISKEY PAPA FOX INC.
By:   /s/ Philip Fayer
Name:   Philip Fayer
Title:   President and Secretary
Philip Fayer
By:   /s/ Philip Fayer
  Philip Fayer