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Klarna and Permira Announce Strategic Equity Investment
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.
Sebastian Siemiatkowski , Co-founder and CEO of Klarna: " ."
Andrew Young , Principal at Permira: "
Ola Nordquist , Partner and Head of the Nordics at Permira:
This investment comes as Klarna has continued to record strong growth in the first half of this year. This is building on the 50% increase in recorded transaction volumes in 2016, in part driven by 17,000 new merchants partnering with Klarna in the last year. Klarna received a full banking licence from the Swedish Financial Supervisory Authority in June 2017.
Klarna is now one of Europe's largest banks, providing easy to use payment solutions for 60 million consumers and 70.000 merchants and working seamlessly across borders. Klarna is today active in 18 markets with more than 1500 employees. The company was founded in Sweden 2005 with the goal to make online payments safe, simple and smooth. Klarna offers direct payments, pay after delivery options and installment plans in a smooth one-click purchase experience that lets consumers pay when and how they prefer to. When the company acquired SOFORT in 2014 the Klarna Group was formed. Klarna is backed by investors such as Sequoia Capital, Bestseller Group, Atomico and now Permira.
Permira is a global investment firm that finds and backs successful businesses with ambition.
Founded in 1985, the firm advises funds and accounts with a total committed capital of approximately €32 billion. The Permira funds make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth. In the past 32 years, the Permira funds have made over 200 private equity investments in five key sectors: Consumer, Financial Services, Healthcare, Industrials and Technology. Permira employs over 200 people in 14 offices across
North America , Europe and
Asia and has had a local presence in the Nordics in
Stockholm since 2003. The Permira funds have a long track record of investing in market leading financial services and technology businesses operating in structural growth markets including Magento, TeamViewer, Allegro, Tilney and Tricor. For more information visit: www.permira.com
Aoife Houlihan
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Noémie de Andia
Head of Communications
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Anders Fogel
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