Guernsey: Carey Olsen Advises Permira Investment Partnership On Strategic Equity Investment In Leading Swedish Fintech Group Klarna
Last Updated: 25 August 2017

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.

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."

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

 
In association with
Press Releases from this Firm
Recent Content from this Firm
By Nick Bullmore, Dylan Wiltermuth, Robert Coombes
By Christopher Anderson, Konrad Friedlaender, Natasha Kapp, James Stockwell
By Ben Mays, Andrew Chissick, Tim Wright, Olga Osadchaya
By Anthony McKenzie, Robert Coombes
By Natasha Kapp, Tim Bamford
By Tony Lane, Clinton Hempel
By Elaine Gray, Mark Dunster, Huw Thomas, Carly Parrott
By Tony Lane, Tim Corfield, Tim Bamford, Jamie Oldfield
By Jeremy Garrood, Oliver Lindop
By Ben Mays, Andrew Chissick, Tim Wright, Olga Osadchaya
Tools
Print
Font Size:
Translation
Channels