M&A Deal Summary

Klarna Acquires Sofort AG

On December 19, 2013, Klarna acquired internet software and services company Sofort AG for 150M USD

Acquisition Highlights
  • This is Klarna’s 1st transaction in the Internet Software and Services sector.
  • This is Klarna’s largest (disclosed) transaction.
  • This is Klarna’s 1st transaction in Germany.

M&A Deal Summary

Date 2013-12-19
Target Sofort AG
Sector Internet Software and Services
Buyer(s) Klarna
Deal Type Add-on Acquisition
Deal Value 150M USD
Advisor(s) Corporate Finance Partners (Financial)

Target

Sofort AG

Gauting, Germany
SOFORT AG offers products and services for secure shopping of goods and digital products on the Internet.

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Buyer(S) 1

Buyer

Klarna

Stockholm, Sweden

Category Company
Founded 2005
Sector Information Technology
DESCRIPTION
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.


DEAL STATS #
Overall 2 of 9
Sector (Internet Software and Services) 1 of 7
Type (Add-on Acquisition) 2 of 7
Country (Germany) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-04 Analyzd

Tel Aviv, Israel

Analyzd is a boutique shop for predictive analytics and payments risk management. Customers, mainly retailers and payments gateways, turn to us to get actionable insights that help them improve their operation and decision making. Our unique ability to combine risk modeling, technology and business sense enables us to help our customers in a multidisciplinary approach: projects include threat analysis, rule and model development, terminology, hiring and training, visualization and review tools and procedures and more. This allows customers to use us as a one stop shop from the nuts and bolts to long term strategy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-22 Cookies

Berlin, Germany

Cookies is a peer-to-peer payment app that allows users to transfer the money from one person to another.

Buy -