Investcorp sells digital wallet firm Skrill for €600 m

  • Posted by Nicole Muller
  • August 21, 2013 11:56:42 AM BST
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Investcorp’s UK-based digital wallet provider Skrill has been sold for EUR 600 million to private equity group CVC Capital Partners.

Skrill technology is a payments platform for businesses around the world, offering them access to direct processing through 100 different payment options. With 40 different currencies to choose from, Skrill currently has a customer base across 200 counties globally.

Having acquired the company back in 2007, Investcorp are still to have minority position in Skrill, as well as maintaining a seat on its board. The technology was originally bought for EUR 105 million.

 

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