Benson Oak Capital announced that its private equity arm and co-investors have sold 100% of their stake in Klikpojisteni.cz (Klik) to a company majority owned by TA Associates, a private equity firm, and minority owned by MCI EuroVentures, a technology investment fund.
Klikpojisteni.cz operates a leading online insurance brokerage in the Czech Republic and Slovakia under domain names Klik.cz and Klik.sk, with offices in Prague, Usti nad Labem and Bratislava.
It offers clients the ability to transparently compare prices for non-life and life insurance products, including MTPL, CASCO, home, travel and term life insurance.
The company will continue to operate as a wholly-owned subsidiary under the Klik brand and under the leadership of its original founder Andrew Fuchs and management team, including Aleš Rothbarth and Lukaš Pikal.
Buyer also owns two leading Hungarian online insurance brokerages
The buyer also owns Netrisk, which operates Netrisk.hu and Biztositas.hu, two leading Hungarian online insurance brokerages.
Benson Oak and other investors funded Klik from its inception in 2011, and supported the company with multiple rounds of investment.
Major broker shareholders will become minority shareholders in the combined group.