.
MergerLinks Header Logo

Announced

TA Associates-backed Netrisk to acquire Klik from Benson Oak Capital.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

online insurance broker

Pending

auto insurance

Acquisition

Private

insurance

Insurance Brokers

Majority

Single Bidder

Czechia

Private Equity

Cross Border

Synopsis

Edit

TA Associates-backed Netrisk, an online insurance brokerage firm in Hungary, agreed to acquire Klik, an online insurance broker, from Benson Oak Capital, a private equity firm. Financial terms were not disclosed. “Klik has achieved a great deal since it was founded nine years ago, delivering impressive sales growth while consistently being the most innovative player in its local markets. I believe that the investment of a global private equity firm, such as TA Associates via Netrisk, is proof of the strength of our business and its continued importance in the Czech and Slovak insurance markets. Through the combination of our efforts and in partnership with a regional leader like Netrisk, I believe that we will be able to grow significantly in the coming years,” Andrew Fuchs, Klik Founder, CEO and Chairman.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US