Investcorp Buys Austrian Online Firm For $178 Million

DUBAI (Reuters) - Investcorp , a Bahrain-based investment firm, said on Sunday its online portfolio unit Skrill bought Austrian firm paysafecard.com for up to 140 million euros ($177.67 million), betting on growth in online retail sector.

Topics:  dubai reuters     investcorp   bahrain-based   skrill   austrian   online   firm   million   
BING NEWS:
  • Investcorp buys majority stake in luxury brand Corneliani
    The firm’s expansion into the casual wear market has seen its international presence grow significantly, with stores established across Europe, the US, Asia and more recently into emerging markets. Corneliani employs approximately 1,100 people and ...
    02/20/2017 - 11:00 am | View Link
  • Investcorp founder Nemir Kirdar to step down after 32 years
    Kirdar, who is executive chairman and chief executive of the firm, will retire on 30 June 2015 and be replaced by board director Mohammed Al-Ardhi as chairman and Mohammed Al-Shroogi and Rishi Kapoor as co-chief executives. Kirdar founded the group ...
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  • CVC Agrees to Buy Skrill From Investcorp for $800 Million
    Investcorp, an investment firm with about $10.5 billion in assets ... with the purchase of paysafecard.com Wertkarten AG, an Austrian provider of prepaid vouchers that enable consumers to shop online, for about 140 million euros in 2012.
    08/18/2013 - 7:40 pm | View Link
  • Bahrain’s Investcorp to sell UK online payments firm for $794m
    Bahrain-based Investcorp is set to sell UK online payments services firm Skrill to CVC Capital ... having expanded through the acquisition of Austrian firm paysafecard.com for around €140m in July 2012.
    08/17/2013 - 3:07 am | View Link
  • Plunging asset income cuts Investcorp Bank's full-year take in half
    "Asset-based income was significantly down year on year due largely to the European crisis, accentuated by a slowing global economic environment," the firm said ... paysafecard.com Wertkarten, an Austrian online-payments company, for €140m (Dh632.2m).
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