CVC Capital Partners today announced that CVC Fund VII has agreed to invest in Skroutz, Greece’s leading e-commerce platform, in a partnership transaction with Skroutz's founders.
Founded in 2005 and headquartered in Athens, Skroutz is the 4th most visited site in Greece after Google, Facebook and YouTube, connecting ~6 million online shoppers with more than 4,500 merchants, offering over 10 million products.
The transaction is subject to customary regulatory approvals. The terms of the transaction are not disclosed.