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 LOGIN in 2012, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 14.0x average currently observed in the Financial Services sector.

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