mynth
← DATABASE
09/2013

SKRILL GROUP acquired by CVC

UNITED KINGDOM Fintech & Payments EV 500M - 1.5b EUR

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.

-> 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

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2012
LOGIN
LOGIN
LOGIN
2011
LOGIN
LOGIN
LOGIN

Similar deals in Financial Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
10/2022PARTNERS GROUPTELEPASSITALYFintech & Payments

Telepass has acquired a significant equity stake in Telepass. This strategic partnership is designed to accelerate the target’s existing growth trajectory, build scale across European markets, and establish a leading pan-European platform for customer-centric mobility services

10/2021ADVENT INTERNATIONAL / EURAZEOPLANET PAYMENTIRELANDFintech & Payments

The investment in Planet by Advent International and Eurazeo is a strategic move to accelerate the company's global leadership in payments. The transaction is expected to help Planet expand its services and capabilities, driving growth and innovation in the digital payments industry

11/2020NEXINETSDENMARKFintech & Payments

The transaction involves an all-share merger between Nexi and Nets, creating the undisputed European PayTech leader with a presence in over 25 countries. The strategic rationale is centered on creating a massive pan-European platform with unrivaled scale, a 4x larger addressable market, and significant recurring cash synergies estimated at EUR 170 million annually

10/2020ANACAP FINANCIAL PARTNERSMARKET PAYFRANCEFintech & Payments

A UK-based private equity organization specializing in financial services has successfully finalized the acquisition of a majority stake in the share capital of the target from its founding retail parent company

10/2020THE CARLYLE GROUPCALASTONEUNITED KINGDOMFintech & Payments

The Carlyle Group acquired a majority stake in Calastone from Accel and Octopus Ventures. The deal followed a competitive auction process involving other bidders like Nordic Capital. The strategic rationale was to transform a highly successful, VC-backed fintech into a global institutional-grade market utility

08/2020EURONEXTVP SECURITIESDENMARKFintech & Payments

Euronext completed the acquisition of 100% of VP Securities, further consolidating its position as a leading CSD operator in Europe. This transaction followed Euronext’s "Nordic" expansion strategy, initiated with the takeovers of Oslo Børs VPS (2019) and Nord Pool (2020)

04/2019INFRONTVEREINIGTE WIRTSCHAFTSDIENSTE VWD GROUPGERMANYFintech & Payments

Infront ASA agreed to acquire vwd Group from The Carlyle Group to create one of the largest financial technology and market data providers in Europe. The strategic rationale for the merger is the highly complementary nature of their product portfolios: Infront provides world-class "Front-Office" trading and real-time data solutions, while vwd contributes deep expertise in "Mid and Back-Office" functions, including portfolio management, regulatory compliance, and advisory tools

11/2015EURAZEOPLANET PAYMENTIRELANDFintech & Payments

The acquisition of Fintrax (now renamed Planet Payment) by Eurazeo represents a strategic move to expand the investment company's portfolio in the financial services sector. The deal rationale is driven by Fintrax's strong growth potential, its leading position in the tax refund services market, and its solid business model

03/2014ADVENT INTERNATIONAL / ATP PEP / BAIN CAPITALNETSDENMARKFintech & Payments

The deal involves the acquisition of 100% of the share capital of Nets by a consortium consisting of Advent International, ATP, and Bain Capital Private Equity. The strategic rationale behind the deal is to provide Nets with a new owner that has the expertise, commitment, and financial resources to develop the business in a rapidly changing payments industry

08/2012EXPONENT PRIVATE EQUITYPLANET PAYMENTIRELANDFintech & Payments

The acquisition of Fintrax Group (now Planet Payment) Holdings Ltd by Exponent Private Equity marks a significant milestone in the company's history. The deal is driven by Exponent's strategic rationale of investing in high-growth companies with strong market positions

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 150M - 250M EUR

EBITDA range: 50M - 100M EUR

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: 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