Investing.com -- Swedish financier Sven Hagstromer is being linked to a potential buyout of online broker Avanza Bank Holding AB (ST: AVANZ ), according to reporting from Dagens Industri. The plan reportedly involves Hagstromer partnering with a private equity firm to take the company private.

Avanza shares jumped around 5% in Stockholm trading on the report.

According to the Google-translated version of the report, the idea being discussed in the market is said to resemble the deal structure used when Nordnet was taken off the stock exchange by the Dinkelspiel family and Nordic Capital.

A similar approach for Avanza would allow greater flexibility for strategic decisions, including leadership succession, expansion into European markets, and increased investments in technology, Di writes.

While no formal bid has been made, multiple sources told the newspaper that a private ownership structure could better support Avanza’s long-term ambitions.

Hagstromer is a long-time major shareholder in the company and has previously played a central role in its development.