mynth
← DATABASE
09/2013

SKRILL GROUP acquired by CVC

UNITED KINGDOM Fintech & Payments EV €500M–1.5bn

Context

CVC Capital Partners has agreed to acquire a controlling stake in Skrill Group from Investcorp. Investcorp, which had originally backed the company in 2007, will retain a substantial minority stake and a board seat, signaling continued conviction in the company's future. Under Investcorp's six-year ownership, Skrill transformed from a small startup into a major global player, increasing its revenue more than 25-fold. CVC aims to support the next phase of growth, focusing on expanding the digital wallet's footprint in emerging markets and diversifying its merchant base.

SKRILL GROUP, which reported an EBITDA margin of [members only] in 2012, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a discount to the average currently observed in the Financial Services sector (12.4x).

-> Deep-dive in Financial Services market trends

Target

Founded in 2001, Skrill is one of Europe s largest digital wallet providers and online payment systems. It enables customers to send and receive money globally with just an email address, serving as a popular alternative to traditional banking for cross-border transactions.

Ent. Value

€500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2012
€150–250M
€50–100M
[members only]
2011
€150–250M
€50–100M
[members only]

Similar deals in Fintech & Payments

Similar deals in Fintech & Payments

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
10/2022PARTNERS GROUPTELEPASSITALYFintech & Payments
10/2021ADVENT INTERNATIONAL / EURAZEOPLANET PAYMENTIRELANDFintech & Payments
11/2020NEXINETSDENMARKFintech & Payments
10/2020THE CARLYLE GROUPCALASTONEUNITED KINGDOMFintech & Payments
10/2020ANACAP FINANCIAL PARTNERSMARKET PAYFRANCEFintech & Payments
08/2020EURONEXTVP SECURITIESDENMARKFintech & Payments
04/2019INFRONTVEREINIGTE WIRTSCHAFTSDIENSTE VWD GROUPGERMANYFintech & Payments
11/2015EURAZEOPLANET PAYMENTIRELANDFintech & Payments
03/2014ADVENT INTERNATIONAL / ATP PEP / BAIN CAPITALNETSDENMARKFintech & Payments
08/2012EXPONENT PRIVATE EQUITYPLANET PAYMENTIRELANDFintech & Payments

REFERENCES

Valuation range: EV €500M–1.5bn

Revenue range: €150–250M

EBITDA range: €50–100M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SKRILL GROUP by CVC are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: cvc