Flat Capital proposes to carry out issues in kind in exchange for shares in Double Sunday AB, a holding company of Sebastian Siemiatkowski, which holds 24.5 million shares in Klarna, thereby consolidating Sebastian Siemiatkowski’s entire ownership in Klarna under Flat Capital. Sebastian Siemiatkowski, chairman and largest shareholder of Flat Capital, is CEO and co-founder of Klarna. The transaction, which is conditional upon approval from a general meeting in Flat Capital, values Double Sunday at approximately SEK 9.5 billion.
Flat Capital, founded in 2013 by entrepreneurs Nina and Sebastian Siemiatkowski, makes long-term investments in outstanding entrepreneurs through its global network, giving shareholders access to companies with great potential. Flat Capital is listed on Nasdaq First North Growth Market.
KANTER advises Flat Capital on the transaction.