March 2014




Capital raising from:
Founders
Founders



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