Moneybookers up for Sale
March 9, 2009 – Investcorp, the Bahrain based investment bank has put online payments company Moneybookers up for sale. Moneybookers is a UK based company that facilitates global e-commerce payments and money transfers – the company has 7 million account holders, 35,000 merchants and offers over 60 payment options in 200 countries. Investcorp Technology Partners, the bank’s technology private equity arm, bought Moneybookers for 105 million euros in March 2007; it is now aiming to raise about 400 million euros. A fairly lavish return indeed underscoring the attraction of payments companies, particularly those that have a broad geographic reach and can support multiple payment forms.
Posted by Ali Raza on Wednesday, May 06, 2009