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:
  • Latest articles for Skrill
    Skrill Group, one of Europe's leading online payments companies, today announced the completion of the acquisition of a controlling stake in its business by CVC Capital Partners from a consortium of investors led by Investcorp, which remains as a shareholder.
    02/12/2014 - 11:00 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 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 - 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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