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CVC Capital acquires controlling stake in Skrill for €600m

20th August 2013 10:40 am GMT

CVC Capital Partners, the private equity firm which had bids to acquire online gaming operator Betfair rejected earlier this year, has acquired a controlling stake in online payment processor Skrill for a total enterprise value of €600m.

CVC has acquired the stake from a consortium of investors led by Investcorp who will remain as a shareholder in the company.

Regulated by the UK Financial Conduct Authority, Skrill was founded in 2001 and is now one of Europe's [...]

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