Connect with us

Top Stories

CAREY OLSEN ADVISES PERMIRA INVESTMENT PARTNERSHIP ON STRATEGIC EQUITY INVESTMENT IN LEADING SWEDISH FINTECH GROUP KLARNA

Published

on

Tom Carey

Carey Olsen’s Guernsey funds team has advised global investment firm Permira on the acquisition of a strategic equity stake in Klarna Bank AB – one of Europe’s largest and fastest growing Fintech banks, by  an investment partnership advised by Permira.

Tom Carey

Tom Carey

Klarna is currently serving 60 million consumers and 70,000 merchants providing easy-to-use payment solutions aimed at making online payments safe, simple and smooth. The company is active in 18 markets, employs more than 1500 employees and recently became the largest European Fintech company to receive a banking license.

The deal value and stake in Klarna is undisclosed and it is Permira’s first foray into the Fintech sector.

Permira, which advises funds and accounts with a total committed capital of circa €32 billion, 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 Carey Olsen team included partner Tom Carey, senior associate Matt Brehaut and associate Vaishali Gupta; they were responsible for the establishment of the investment vehicle, incorporating a new general partner vehicle and seeking appropriate regulatory exemptions. Fried, Frank, Harris, Shriver & Jacobson LLP and Nordic law firm Roschier provided onshore counsel for the acquisition.

Mr Carey said: “This complex transaction needed to be completed within a week and we met that tight schedule delivering a high level of expertise. There is no question that Fintech is a burgeoning area of interest for investment and Carey Olsen is taking the lead in offering clear and knowledgeable advice in this sector.”

Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Newsletters with Secrets & Analysis. Subscribe Now

Newsletters with Secrets & Analysis. Subscribe Now