March 2014
Capital raising from:
Founders
Exclusive financial advisor to Klarna and its shareholders

Deal Team

Klarna:

Sebastian Siemiatkowski
Niklas Adalberth
Niklas Hjelmsäter

Corestar Partners:

Milan Bartik
Clemens Hisch

Transaction Summary

  • On 5 March 2014, Klarna AB and its shareholders (“Klarna”) closed its capital increase to fund the acquisition of Sofort AG (“Sofort”)
  • The capital increase was backed by Klarna’s founders, Atomico Investment Holdings, General Atlantic and Sequoia Capital, amongst others

Overview of Klarna

  • Founded in 2005, Klarna is one of Europe’s leading providers of payment solutions for e-commerce
  • Klarna separates buying from paying by allowing buyers to pay for ordered goods after receiving them, providing them with a safe after delivery payment solution. At the same time, Klarna assumes all credit and fraud risk for e-stores so that sellers can rest assured that they will always receive their money
  • Klarna’s vision is to enable trust and to offer a frictionless buying experience to buyers and sellers across the world
  • The company has 1,200 employees and serves over 50,000 merchants, processing over 250,000 transactions per day

Corestar Partners’ Role

  • Corestar Partners acted as exclusive financial advisor to Klarna and its shareholders on its capital increase
  • Corestar Partners has been in close dialogue with General Atlantic, one of Klarna’s key shareholders over the past years