Klarna, a leading global retail bank has signed an agreement to acquire PriceRunner. PriceRunner is a leading comparison shopping service in the Nordic region.
The company has more than 170 employees, businesses in Sweden, Denmark, Norway and the United Kingdom and compares 3.4 million products from 22,500 retailers in 25 countries. During the 12-month period ending on Sep 30, 2021, PriceRunner had revenues amounting to MSEK 460. PriceRunner will bring new features in the form of product reviews, rich product discovery and price comparisons to the Klarna app to enhance the shopping, payments and banking experience for consumers globally.
The transaction is subject to customary regulatory approvals.
Vinge’s team primarily consisted of Johan Larsson, Samra Baytar, Stina Bengtsson, Clara Sohlberg and Robin Fagerström (M&A), Sebastian Örndahl and Johan Wahlbom (Competition), Emma Stuart Beck and Henrik Schön (Financial Regulatory), Cecilia Möller Norsted and Anna-Karin Alin (Litigation), Martin Boström, Lisa Hörnqvist and Karl-Hugo Engdahl (IT/GDPR), Klara Secher and Rebecka Målquist (IP), Isabell Nielsen and Mario Saad (Commercial Agreements), Kamyar Najmi and Benjamin Vafaeian (Banking & Financing), Gustav Lindgren (Employment) and Tove Lövgren Frisk (Compliance).