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Investcorp Technology Partners targets Moneybookers in €105m buy-out29/03/2007. Source: AltAssets. 
 Moneybookers Limited, a European online payment provider and the UK's first FSA-licensed e-money issuer, has announced that Investcorp Technology Partners, the technology private equity arm of the international investment group Investcorp, is backing the buy-out of the company for €105m.
Moneybookers' existing shareholders will, noted the firm, maintain what they described as a significant ownership stake in the company.
Based in London with close to three million account holders worldwide, Moneybookers enables online merchants and e- commerce consumers to send and receive payments online through a Moneybookers' e-wallet facility. Moneybookers.com is a European payment provider offering domestic payment options in 30 countries and customer service in 12 languages.
Dr Nikolai Riesenkampff, Moneybookers' chief executive said, 'We are delighted to have reached this agreement with Investcorp and are looking forward to this new partnership. The Investcorp team is committed to supporting us to develop and aggressively grow Moneybookers' business and market share in Europe and has been quick to recognise and understand the huge opportunities in the online payment space.'
Investcorp Technology Partners is part of Investcorp, a global investment group managing total investments in alternative assets of over $10bn. Investcorp has five lines of business: private equity, hedge funds, real estate, technology investment and Gulf growth capital.
Investcorp Technology Partners specialises in private equity for small and medium-sized technology businesses in North America and Europe, focusing on growth buy-out, corporate carve-out, take-private and PIPE transactions. Some of the group's recent investments include the €90m buyout of Ireland's Conduit Limited, and the formation of Dialogic Corporation from a carve-out of assets from Intel Corporation.
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