Advised Investcorp on the sale of its interest in Skrill, a leading European digital payments business, to Optimal Payments

Arma Partners is pleased to announce that it has acted as exclusive financial adviser to Investcorp on the sale of Skrill Group (“Skrill” or the “Company”) to Optimal Payments PLC (“Optimal Payments”) (AIM:OPAY) for an enterprise value of €1.1bn.

Skrill is one of Europe’s leading digital payments businesses offering digital wallet solutions and online payment processing capabilities and is a leading pre-paid online voucher provider in Europe. The Company supplies solutions to a long-standing customer base spanning 40,000 merchants and over 36 million customer accounts.

Investcorp acquired a controlling shareholding in Skrill in March 2007, before recapitalising the Company in August 2013 when it sold a majority stake in the business.

Optimal Payments is a global provider of online and mobile payment processing services through its two primary brands, NETBANX and NETELLER.

This transaction demonstrates Arma Partners’ continued strength in Financial Technology M&A and our public company expertise.