While Dax Dasilva said he believes the stock market is “a good place for Lightspeed,” he told La Presse in an interview that the potential buyout of Montreal-based fintech Nuvei “makes you think.” Lightspeed shares closed up more than three per cent on the Toronto Stock Exchange.(La Presse, The Logic)
Talking point: The Lightspeed founder’s musings also follow U.S. private equity giant KKR’s recent $255-million bid for MDF Commerce, which would take the Longueuil, Que.-based procurement and commerce software company private. Dasilva, who returned to the company as interim CEO in February, said his focus is on streamlining Lightspeed’s products and cost-cutting. The Quebec government owns between four and five per cent of the firm through its investment arm, Investissement Québec—part of a strategy to ensure the company stays in the province, as Innovation Minister Pierre Fitzgibbon told The Logic last year.