SKRILL GROUP acquired by CVC
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 LOGIN in 2012, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Financial Services sector (12.6x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 150M - 250M EUR
EBITDA range: 50M - 100M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: cvc