Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe’s most highly valued tech startups, the companies said on Friday.
Payments companies have become attractive targets for buyout groups and credit card firms seeking to take advantage of a switch from cash transactions to smartphone or mobile payments.
Permira will acquire the Klarna stake from existing shareholders General Atlantic and DST Global, and the Sweden-based firm’s co-founder Niklas Adalberth.
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