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AUG 20, 2013 - New Statesman

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CVC Capital to buy majority stake in Skrill for €600m

The British online payments provider Skrill boasts of 35 million account holders and 150,000 merchants.CVC Capital Partners has agreed to acquire 75 per cent stake in the British online payments firm Skrill for €600m (£511m), making it the third significant move of the private equity firm in just a week. CVC will acquire Skrill from a consortium of investors led by Bahrain-based Investcorp, which acquired the controlling stake in 2007 for €105m and put up Skrill for sale earlier this year.  Following the completion of the transaction, Investcorp will retain a ... Read More

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