M&A Deal Summary

Paysafe Acquires Skrill Holdings

On March 23, 2015, Paysafe acquired information technology company Skrill Holdings from CVC Capital Partners for 1.1B EUR

Acquisition Highlights
  • This is Paysafe’s 1st transaction in the Information Technology sector.
  • This is Paysafe’s largest (disclosed) transaction.
  • This is Paysafe’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2015-03-23
Target Skrill Holdings
Sector Information Technology
Buyer(s) Paysafe
Sellers(s) CVC Capital Partners
Deal Type Add-on Acquisition
Deal Value 1.1B EUR

Target

Skrill Holdings

London, United Kingdom
website
Skrill Holdings Ltd. is a digital payments businesses providing digital wallet solutions and online payment processing capabilities and prepaid online voucher providers.

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Buyer(S) 1

Buyer

Paysafe

Hamilton, Bermuda

website


Category Company
Founded 1996
Sector Financial Services
Employees3,400
Revenue 1.4B USD (2020)
DESCRIPTION

Paysafe is an integrated payments platform that enables businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics, and the convergence between brick-and-mortar and online payments. Paysafe is based in Hamilton, Bermuda.


DEAL STATS #
Overall 3 of 11
Sector (Information Technology) 1 of 4
Type (Add-on Acquisition) 3 of 11
Country (United Kingdom) 1 of 1
Year (2015) 1 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-24 Global Merchant Advisors

Los Angeles, California, United States

GMA is a fast growing payments company serving small to medium sized businesses. The company focuses primarily on segments of the market that have been underserved by larger payment processing competitors, offering small merchants "industrial grade" processing solutions. Since its launch in 2010, GMA has built its merchant base and processing volume through its direct sales efforts and network of bank, third party processors and technology partners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 FANS Entertainment

Montreal, Quebec, Canada

FANS Entertainment, Inc. is a provider of mobile technology development for venues, arenas and to enhance the overall fan experience around events.

Buy CA$16M

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 116 of 171
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 41 of 62
Country (United Kingdom) 26 of 32
Year (2015) 5 of 9
Size (of disclosed) 22 of 53
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-16 AnQore

Urmond, Netherlands

AnQore is a specialist chemical supplier dedicated to the supply of acrylonitrile, ammonium sulfate, hydrogen cyanide, acetonitrile and sodium cyanide. AnQore was founded in 2015 and is based in Urmond, Netherlands.

Buy €775M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-16 Virgin Active

London, United Kingdom

Virgin Active is an international health club operator, with clubs across four continents in eight countries (South Africa, UK, Italy, Australia, Namibia, Botswana, Thailand, and Singapore), serving over 1.2 million members worldwide. Virgin Active Ltd. was founded in 1999 and is based in London, United Kingdom.

Sell $1.0B