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Investcorp To Sell Skrill Group - Quick Facts

8/19/2013 8:22 AM ET

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

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