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Deloitte Legal Advises Netrisk on Acquisition of Biztositas.hu Biztositasi Alkusz Kft.

Deloitte Legal Advises Netrisk on Acquisition of Biztositas.hu Biztositasi Alkusz Kft.

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Deloitte Legal has advised Hungarian web-based insurance broker Netrisk and its majority shareholder, MCI.EuroVentures 1.0., on Netrisk's acquisition of a 100% stake in Biztositas.hu Biztositasi Alkusz Kft., a Hungarian online insurance agent.

Obtaining a concentration permit from the Hungarian Anti-monopoly Office, which was issued on 12 December 2019, was the prerequisite of the transaction. The transaction was partly funded by a loan granted by Bank Gospodarstwa Krajowego.

Biztostasi Alkusz provides access to an Internet platform that allows customers to compare insurance, banking, and telecom products.

Deloitte Legal's team consisted of Partners Pawel Moskwa, Agnieszka Ziolek, and Karol Kicun, Senior Associate Diana Sofu, and Managing Associate Mariusz Banas.

Deloitte Legal did not reply to our inquiry on the matter.

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DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

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