Netrisk Group is a leading provider of online price comparison services in Europe. With the acquisition of durchblicker, Austria's independent and market-leading online rate comparison portal, durchblicker becomes part of a fast-growing alliance of online price comparison platforms that already includes Netrisk.hu, Biztositas.hu, Klik.cz, Porovnej24.cz, Klik.sk, Netfinancie.sk and Edrauda.lt.
The share purchase agreement was signed on 15 December 2021. Closing is subject to the necessary regulatory and competition law approvals and expected in Q1/2022.
DORDA's Digital Industries Group, led by (partner, M&A), advised on all legal aspects of the transaction. Further members of the team are (partner, competition & antitrust), (attorney, M&A), (associate, M&A), (partner, corporate) (attorney, data protection/IT/IP), (associate, data protection/IT/IP), (associate, insurance), (attorney, banking & capital markets), (attorney, labor law), Valerie Fandl (associate, public law), (associate, real estate), Mirko Marjanovic (associate, competition & antitrust), (partner, banking), (partner, finance) and Safiye Ünüvar (associate, finance).
Christian Ritschka: "Once again we were able to show our strong expertise and advise on an important acquisition in the tech-sector, I am delighted that Netrisk chose us to be part of this."
Netrisk Group was further advised by Orsolya Gorgenyi, Szecskay Attorneys at Law, as Hungarian local counsel.