CVC Agrees to Buy Skrill From Investcorp for $800 Million
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CVC Capital Partners Ltd., one of Europe’s largest private-equity firms, agreed to acquire a majority stake in British online payment company Skrill Group Plc in its third deal in seven days.
The buyout values Skrill at 600 million euros ($800 million), Bahrain-based Investcorp Bank BSC said today in a statement. London-based Skrill generated more than 200 million euros in sales and 50 million euros of earnings before interest, tax, depreciation and amortization in 2012, Investcorp said.