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:
  • CVC buys PayPal rival Skrill for £500m
    Skrill was formerly known as Moneybookers and processes payments for online retailers, gambling websites and media companies. Investcorp said it reported ... year of Paysafecard.com from Wertkarten, an Austrian provider of prepaid vouchers that enable ...
    08/19/2013 - 7:51 am | View Link
  • CVC Capital Buys Online Payment Company
    LONDON – The European private equity firm CVC ... from Investcorp, which is based in Bahrain. Skrill serves about 35 million account holders worldwide and was acquired by Investcorp in 2007 for around 100 million euros. The online payment company ...
    08/19/2013 - 5:11 am | View Link
  • CVC Agrees to Buy Skrill From Investcorp for $800 Million
    Investcorp, an investment firm with ... bought Skrill for 105 million euros in 2007 and expanded the business with the purchase of paysafecard.com Wertkarten AG, an Austrian provider of prepaid vouchers that enable consumers to shop online, for about ...
    08/18/2013 - 11:43 pm | 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. "Asset-based income was also affected by ... an Austrian online-payments company, for € ...
    08/1/2012 - 1:00 pm | View Link
  • Bahrain’s Investcorp Slumps On Euro Crisis
    In July Investcorp’s online portfolio unit Skrill bought Austrian firm paysafecard.com for up to 140 million euros ($172 million). Paysafecard provides prepaid electronic payment services; the acquisition was Investcorp’s fifth investment in Europe in ...
    07/31/2012 - 1:00 pm | View Link
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