Benson Oak Capital and co-investors have offloaded their total stakes in on-line insurance coverage brokerage Klikpojisteni.cz (Klik).
The stake has been acquired by an organization owned by TA Associates and minority owned by MCI EuroVentures.
Klik operates its on-line insurance coverage brokerage below the Klik.cz and Klik.sk domains within the Czech Republic and Slovakia.
It has workplaces throughout Prague, Usti nad Labem, and Bratislava.
The corporate permits individuals to ‘transparently compare’ costs for non-life and life insurance coverage merchandise, together with MTPL, CASCO, dwelling, journey and time period life insurance coverage.
Benson Oak Capital founder Gabriel Eichler stated: “We’re very pleased with what Klik has achieved, and happy to have assisted in its evolution from a start-up to a number one model within the burgeoning on-line insurance coverage market within the area, using over 120 individuals within the Czech Republic and Slovakia.
“Klik may have the chance to develop additional and supply growing value to its clients in partnership with Netrisk and below the management of TA Associates, one of many world leaders in progress personal fairness.”
Following the stake sale, Klik will proceed to function as a wholly-owned subsidiary below the Klik model.
It can proceed to be led by its unique founder Andrew Fuchs and administration workforce, together with Aleš Rothbarth and Lukaš Pikal.
The corporate which acquired Klik additionally owns Netrisk, which operates Hungarian on-line insurance coverage brokerages Netrisk.hu and Biztositas.hu.
Klik.cz and Klik.sk will develop into a key a part of Central European On-line Insurance coverage Brokerage Group alongside netrisk.hu and Biztositas.hu.
Klik founder and CEO and chairman Andrew Fuchs stated: “Klik has achieved a terrific deal because it was based 9 years in the past, delivering spectacular gross sales progress whereas persistently being probably the most revolutionary participant in its native markets.
“I consider that the funding of a worldwide personal fairness agency, comparable to TA Associates through Netrisk, is proof of the power of our enterprise and its continued significance within the Czech and Slovak insurance coverage markets. Via the mixture of our efforts and in partnership with a regional chief like Netrisk, I consider that we will develop considerably within the coming years.”