March 2014
acquired
Exclusive financial advisor to Klarna and its shareholders

Deal Team

Klarna:

Sebastian Siemiatkowski
Niklas Adalberth
Niklas Hjelmsäter

Sofort:

Gerrit Seidel
Jens Lütcke
Christian Mangold

Corestar Partners:

Milan Bartik
Clemens Hisch

Transaction Summary

  • On 5 March 2014, Klarna AB and its shareholders (“Klarna”) closed the acquisition of Sofort AG (“Sofort”)
  • This strategic acquisition enables Klarna to gain access to a complementary payment method as well as to a substantial merchant base in German speaking Europe and will help Klarna to become the leading European payments provider and rival to US groups such as PayPal, Visa and MasterCard
  • Klarna is one of Europe’s leading providers of payment solutions for e-commerce

Overview of Sofort

  • Founded in 2005, Sofort is a leading provider of online banking ePayments in Europe, employing 131 employees in six offices
  • The company’s payment solution allows customers to pay online and transfer money directly through their bank account to the bank account of the merchant
  • More than 12 million online shoppers have used the company’s services at more than 25,000 registered merchants across Europe

Corestar Partners’ Role

  • Corestar Partners acted as exclusive financial advisor to Klarna and its shareholders on the acquisition of Sofort, demonstrating Corestar’s deep expertise in advising companies in the online payment sub-sector
  • Corestar Partners has been in close dialogue with General Atlantic, one of Klarna’s key shareholders, over the past years