CVC Buys Controlling Stake in Skrill
Key Takeaways
  • The current owners, Bahrain-based investment group Investcorp, will retain a 25% stake as part of the deal.
  • Investcorp purchased a controlling stake of Skrill, then Moneybookers, for €105m in 2007.
  • Skrill is one of the leading providers of payment services in online gambling, where its primary competitor is Neteller.

Private equity firm CVC Capital Partners has purchased a 75% stake in payment processor Skrill for €600m, the group announced Thursday.