Moneybookers changed its owner

just read in the news section of moneybookers, so you ll get the info.

28/03/2007
Investcorp Technology Partners Undertakes buyout of Moneybookers Limited for €105 million

London, 28 March 2007 -- Moneybookers Limited, one of Europe's leading online payment providers and the UK's first FSA-licensed e-money issuer, announced today that Investcorp Technology Partners, the technology private equity arm of the international investment group Investcorp, undertook the buyout of the company for a €105 million valuation. As part of the transaction, Moneybookers' existing shareholders will maintain a significant ownership stake in the company.

Headquartered in London, UK, Moneybookers enables online merchants and e-commerce consumers to securely and instantaneously send and receive payments online through a Moneybookers' e-wallet facility. The company is one of the fastest growing and most profitable e-money businesses worldwide. 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."

Hazem Ben-Gacem, Managing Director at Investcorp, said: "We are excited by the opportunity to partner with Moneybookers.com and team up with Nikolai and the rest of the management team to support Moneybookers as it continues to grow its market share. Our objective is to do what is necessary to create Europe's largest e-wallet facility within the next two to three years."

Investcorp Technology Partners spedomaindomaindomaindomaindomaindomaines in private equity for small and medium-sized technology businesses, focusing on growth buyout, corporate carve-out, take-private and PIPE transactions in North America and Europe. Investcorp Technology Partners is part of Investcorp, the global investment group. Established in 1982, Investcorp now manages total investments in alternative assets of over $10 billion.

LongAcre Partners Limited served as financial advisor to Moneybookers.

About Investcorp Technology Partners

Investcorp Technology Partners is a leading private equity investor in small and medium-sized technology businesses in North America and Europe. The team focuses on growth capital, buyout, corporate carveout and take-private transactions. Some of the group's recent investments include the €90 million buyout of Conduit Limited, Ireland's largest independent directory assistance business and the formation of Dialogic Corporation from a carveout of assets from Intel Corporation.

Investcorp Technology Partners is part of Investcorp, a leading provider and manager of alternative investment products. It has investment offices in New York and London. Investcorp has five lines of business: private equity, hedge funds, real estate, technology investment and Gulf growth capital. Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography. It currently has over $10 billion in invested assets under management.

Thanks for the article. I joined Moneybookers after the change in ownership. It would be interesting to know how the previous owner handled matters. Nevertheless, they're really quite efficient as it is.

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Never used moneybookers. I don't know why but i just never trusted/liked it. I think i'll stick with E-Gold and Paypal even after the owners changed.

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