Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Investcorp To Sell Skrill Group - Quick Facts

Investcorp, a provider and manager of alternative investment products, announced it has agreed for the sale of Skrill Group to funds advised by CVC Capital Partners for a total enterprise value of $800 million. Investcorp will retain a substantial minority position in the company and will continue to retain a seat on the Skrill board.

Skrill is one of Europe's largest online payment systems and among the world's largest independent digital wallet providers with over 36 million account holders.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Proctor and Gamble (PG) has sold two of its soap brands to European consumer products giant Unilever (UN). Cincinnati-based P&G says the sale includes the global Camay brand, the Zest brand outside of North America and its Talisman manufacturing plant in Mexico. The plant employs approximately... Dish Network is no longer carrying Fox News in yet another dispute for the television provider. Fox News, which changed the face of cable news with its ardent advocacy of conservative issues, went dark Sunday, replaced on Dish by The Blaze, Glen Beck's new right-leaning channel. Fox Business channel... Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.