Investment Summary

HarbourVest Partners, Permira and Silver Lake Exits Klarna

On September 10, 2025, invested in information technology company Klarna from HarbourVest Partners, Permira and Silver Lake

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in Sweden.

Investment Summary

Date 2025-09-10
Target Klarna
Sector Information Technology
Sellers(s) HarbourVest Partners
Permira
Silver Lake
Deal Type IPO

Target

Klarna

Stockholm, Sweden
Entrance to Klarna's corporate headquarters in central Stockholm.
Entrance to Klarna's corporate headquarters in central Stockholm.
Klarna offers safe and easy-to-use payment solutions to e-stores in Europe with the ambition to make e-commerce safer, simpler and more fun. At the core of Klarna's services is the concept of after delivery payment, which lets buyers receive ordered goods before any payment is due. 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 was founded in 2005 and is based in Stockholm, Sweden.

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Seller(S) 3

SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 150 of 150
Sector: Information Technology M&A 19 of 19
Type: IPO M&A Deals 32 of 32
Country: Sweden M&A 3 of 3
Year: 2025 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-08 Aspen

Hamilton, Bermuda

Aspen is a provider of reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom, and the United States. Aspen was founded in 2002 and is based in Hamilton, Bermuda.

Sell -
SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 96 of 97
Sector: Information Technology M&A 6 of 6
Type: IPO M&A Deals 24 of 24
Country: Sweden M&A 2 of 2
Year: 2025 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 PharmaCord

Jeffersonville, Indiana, United States

PharmaCord is a pharma services company that serves as a commercialization partner for life sciences organizations to enhance the patient experience. The company's comprehensive solutions support the patient journey for specialty medications through a range of services that raise awareness, facilitate access to treatment, improve affordability, and promote therapy adherence. PharmaCord is based in Jeffersonville, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-25 Topcast

Hong Kong, China

Topcast connects suppliers with customers in all segments of aviation including airlines, Maintenance, Repair, and Overhaul (MRO) service providers and Original Equipment Manufacturers (OEMs). Topcast operates as an extension of the suppliers offering not only aftermarket support, but also the development of new businesses for its principals. The company also provides technical support and maintenance services and distribution of industrial cables and wires. Topcast was founded in 1991 and is based in Hong Kong, China.

Sell -
SELLER

Silver Lake

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.


DEAL STATS #
Overall 66 of 66
Sector: Information Technology M&A 9 of 9
Type: IPO M&A Deals 24 of 24
Country: Sweden M&A 1 of 1
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-09 Caris Life Sciences

Irving, Texas, United States

Caris Life Sciences is a biosciences company focused on developing and delivering innovative molecular diagnostic, prognostic and theranostic services. As an innovative biotechnology company, Caris is actively working to fulfill the promise of precision medicine through transformative platforms to help patients with cancer and other complex diseases. Caris Life Sciences was founded in 2008 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-29 Electronic Arts

Redwood City, California, United States

Electronic Arts is a producer of video games. Electronic Arts develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers. Electronic Arts was founded in 1982 and is based in Redwood City, California.

Buy $55.0B