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
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the recovery from the sell-off seen in recent weeks. The Nasdaq and the S&P 500 closed higher for the fourth consecutive session but remain well off their mid-September highs. Despite indications that the spread of Ebola inside the U.S. has been contained, the results of a new Gallup poll show the deadly disease had made its debut on a list of the top 10 most important problems facing the country. In another hotly contested Senate race, the results of a new Suffolk University/Boston Herald poll show incumbent Sen. Jeanne Shaheen, D-N.H., clinging to a narrow lead over Republican challenger Scott Brown.
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.