21 Jul 2017

Klarna and Permira Announce Strategic Equity Investment

Klarna Bank AB is pleased to announce that an investment partnership advised by Permira will acquire a strategic equity stake in the company. Klarna is one of Europe's largest and fastest growing banks, providing easy to use payment solutions and currently serving 60 million consumers and 70.000 merchants. Permira is a global investment firm which advises funds and accounts with a total committed capital of circa €32 billion. Permira focuses on identifying companies for long-term investment, combining local knowledge and global expertise to help them grow sustainably and realise their full potential.

The investment partnership will acquire shares from existing shareholders General Atlantic, DST Global and Niklas Adalberth, upon receipt of approval from the Swedish Financial Supervisory Authority (Finansinspektionen). As a consequence of this transfer, General Atlantic and DST Global will cease to be shareholders in the company, while Niklas Adalberth will retain an equity stake. The investment partnership will become a qualified owner of Klarna.

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Klarna and Permira Announce Strategic Equity Investment

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Klarna

Country: Sweden