Netrisk Group today completed the acquisition of durchblicker, Austria’s leading online rate comparison portal
The leading online price comparison group is now active in five European countries: Austria, Czech Republic, Hungary, Lithuania and Slovakia
Netrisk Group is backed by TA Associates and MCI
BUDAPEST, Hungary & VIENNA, March 01, 2022–(BUSINESS WIRE)–Netrisk Group (“Netrisk”), a leading online price comparison player in Europe, today completed the acquisition of durchblicker, the leading online price comparison website of the Austrian market. durchblicker thus joins a rapidly growing family of online price comparison websites that already includes Netrisk.hu, Biztositas.hu, Klik.cz, Porovnej24.cz, Klik.sk, Netfinancie.sk and Edrauda.lt.
Since its launch in 2010, durchblicker has been an impressive start-up success story and has become one of Austria’s most popular and trusted brands. The company, brand and team in Austria will be retained by the new owners.
Following the acquisition, Netrisk is now present in five European countries with a total population of 37 million and an addressable market of 30 million motor insurance contracts, the group’s leading product category. Netrisk has now made six acquisitions since December 2019, strengthening the company’s position in insurance and extending it to other comparator categories, such as banking products, energy and telecommunications. In 2021, Netrisk companies negotiated or renewed over 2 million contracts across all products.
Robert Sokolowski, Group CEO, said: “Today we welcome our new durchblicker colleagues to Netrisk and begin a new chapter that will help us better serve our customers. We’re proud to be a family of seven fast-growing OPC brands that together hosted approximately 2 million monthly visits in 2021.”
Dávid Kárpáti, Director of Business Development at Netrisk Group, added: “The integration of durchblicker will help Netrisk further strengthen its online price comparison leadership in Central and Eastern Europe. We serve a growing international market where mutual fund penetration is less than 20%. result, we are well positioned to grow in the years to come. »
“We are impressed with what durchblicker has achieved over the past twelve years and are delighted to see his continued success within the Netrisk Group. With this latest acquisition, the Netrisk Group continues its strategy of creating a platform strong international platform for online price comparisons in Central Europe,” said Maxime Cancre, Director at TA Associates.
durchblicker is Austria’s leading independent online rate comparison portal. durchblicker currently offers comparisons in 28 categories, including insurance, telecommunications, electricity and gas, as well as traditional financial products such as loans, current accounts and savings interest. More information at www.durchblicker.at.
About Netrisk Group
The Netrisk Group operates leading Internet portals for online comparisons and insurance underwriting in Central and Eastern Europe. On their websites, consumers can seamlessly compare the prices and services of property and life insurance such as auto liability, comprehensive insurance, home, travel and insurance -life. The group operates the Netrisk and Biztositas.hu platforms in Hungary, Klik and Porovnej24 in the Czech Republic, Netfinancie in Slovakia, Edrauda in Lithuania, and now durchblicker in Austria.
About TA Associates
TA is a leading international private equity firm specializing in growth capital investments in five industry sectors: technology, healthcare, financial services, consumer goods and business services. TA invests in profitable companies with sustainable growth opportunities and has invested in over 550 companies worldwide. As a majority or minority shareholder, TA takes a long-term approach and applies its strategic resources to help management teams create sustainable value in quality growth companies. Since its inception in 1968, TA has raised $47.5 billion. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information at www.ta.com.
About MCI Capital
MCI Capital is one of the largest technology investment funds in Central Europe with assets under management of 2.7 billion PLN (589 million EUR). Since 1998, MCI has supported 104 companies and sold 68 of them. The fund invests 25 to 100 million euros in digital champions: in purely technological companies (disruptors), in companies undergoing digital transformation and in IT infrastructures . The fund was invested in Mall.cz (e-commerce, Czech Republic), WP.pl (digital media, Poland), Invia (e-Travel, CEE), Dotpay/eCard (fintech, Poland), iZettle (fintech, worldwide) and ATM SA (data centers, Europe). More information at https://mci.pl/en.
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