Gruppo MutuiOnline to acquire Rastreator.com, Preminen Price Comparison Holdings and LeLynx from Penguin Portals for €150m.

Gruppo MutuiOnline, a retail credit and insurance broker, agreed to acquire Rastreator.com, Preminen Price Comparison Holdings and LeLynx from Penguin Portals, a global network of comparison platforms for financial services, for €150m. “We are grateful to RVU for giving us the opportunity to pursue this transaction. Rastreator and LeLynx are pioneers and leaders in the price comparison business in the respective countries, that are characterized by an untapped market potential. The acquired entities acquired will continue to be managed by their current management, with whom we immediately found a shared understanding. Our objective with this deal is to transform our Broking Division in a best-in-class multi-national operator in the comparison and intermediation of financial products with a business model centered around the consumer. Finally, we thank Intesa Sanpaolo, Crédit Agricole Italia, Banco BPM and Unicredit for their continued support to our growth plans,” Marco Pescarmona, Gruppo MutuiOnline Chairman.