Gernandt & Danielsson advised a consortium led by entrepreneur Kamjar Hajabdolahi, CEO and founding partner of BLQ Invest, on financial regulatory matters in connection with the acquisition of Klarna Checkout from Klarna. The buyers, who took ownership of Klarna Checkout on 1 October, will operate the business under the new name Kustom.

Klarna Checkout is a digital checkout solution for e-commerce. The solution was launched in 2012 and is a market leader with over 40 per cent market share in Sweden and over 20 per cent in the Nordic region.

Gernandt & Danielsson's team comprised partner Niclas Rockborn and senior associate Arijan Kan.