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EU/UK: Private equity giant nabs online payments firm

By  |  August 13, 2013
EU/UK: Private equity giant nabs online payments firm

One of the EU’s largest private-equity firms, CVC Capital Partners Ltd., is said to be planning on acquiring online payments company Skill Group, according to three anonymous sources. The deal was made for a reported $794 million and will result in Investcorp Bank, the payments company’s current owners, retaining a minority stake in the firm. Both Skrill Group and Investcorp Bank are based in the UK. The parties could not be reached for comment but sources say the deal may be confirmed by the companies within just a few days.

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