CVC Capital Partners Buys Skrill Group For Fourth European Takeover

By  |  August 20, 2013
 | 

CVC Capital Partners announced its agreement to buy online payment company Skrill in the UK for €600 million, including debt, reported The Financial Times. The agreement will allow the seller and private equity firm Investcorp to gain an increased return that is eight times worth the initial investment. This deal represents CVC’s fourth European takeover in 2013.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Peter Rutland, senior managing director of CVC Capital Partners, said to The Financial Times, “Skrill is a high-quality business that has demonstrated its ability to grow rapidly into a market leading provider of online payments serving the online gaming, gambling, digital media and e-commerce industries.”

    Read the full story here.


    Recommended

    Roblox Uses AI to Filter Billions of User Interactions in Real Time

    FDIC Support Clears a Path for Tokenized Deposits to Scale

    Malls Draw Gen Z Shoppers by Providing Opportunities to Socialize

    Cantor Fitzgerald Expects Institutional Adoption of Crypto to Continue in 2026

    See More In: