Klarna’s Acquisition of HERO

Latham & Watkins advised HERO on the deal, while White & Case Advised Klarna.

Klarna, a leading global retail bank, payments and shopping service, executed the acquisition of HERO, a social shopping platform designed to provide consumers with inspiration, advice, and immediately shoppable content produced directly from retailers’ physical stores.

HERO, based in London and New York, was founded in 2015 to create a more personal and convenient way to shop that reflects how consumers interact today, bringing the concept of in-person customer service to e-commerce. All 100+ HERO employees will join Klarna.

The Latham team was led by London corporate partner Mike Turner (Picture) with associates Daria Les, Zoe Liu, Katie Kaplucha, and Adam Czernikiewicz.  Advice was also provided on employment and benefits matters by London partner Sarah Gadd and associate Olivia Sadler; on intellectual property matters by London partner Deborah Kirk; and on US corporate matters by Bay Area partner Luke Bergstrom and New York partner Jeffrey Tochner with associates Brad Alvarez and Amanda Dillon.

The White & Case team which advised on the transaction was led by partners Martin Järvengren (Stockholm) and Sandra Rafferty (London) and included partners Matthew Hurlock (New York) and Philip Trillmich (London), and associates Marcus Halling, Omid Dares (both Stockholm), Emma Roker, Stephanie Ma (both London) and Jennifer Lee (New York).

Involved fees earner: Bradley Alvarez – Latham & Watkins; Luke Bergstrom – Latham & Watkins; Adam Czernikiewicz – Latham & Watkins; Amanda Dillon – Latham & Watkins; Sarah Gadd – Latham & Watkins; Katie Kaplucha – Latham & Watkins; Deborah Kirk – Latham & Watkins; Daria Les – Latham & Watkins; Zoe Liu – Latham & Watkins; Olivia Sadler – Latham & Watkins; Jeffrey Tochner – Latham & Watkins; Mike Turner – Latham & Watkins; Omid Dares – White & Case; Marcus Halling – White & Case; Matthew Hurlock – White & Case; Martin Järvengren – White & Case; Jennifer Lee – White & Case; Stephanie Ma – White & Case; Sandra Rafferty – White & Case; Emma Roker – White & Case; Philip Trillmich – White & Case;

Law Firms: Latham & Watkins; White & Case;

Clients: HERO; Klarna AB;

Federica Tiefenthaler

Author: Federica Tiefenthaler