Permira has become a strategic investor in Visa-backed payment services provider Klarna in a secondary transaction reportedly valued between $225m and $250m.

Investment firm Permira invested an amount reportedly sized between $225m and $250m in Klarna a Sweden-based payment services provider backed by payment processing service Visa, on Friday.

TechCrunch reported that Permira acquired a 10% stake in return for more than $225m, while the Financial Times has put the figure at approximately $250m.

Investment firm DST Global and venture capital firm General Atlantic sold all their shares as part of the transaction, while Klarna founder Niklas Adalberth also sold part of…