MutuiOnline, the Italy based online mortgage broker is to acquire Rastreator Comparador Correduria de Seguros, the Spain based provider of a platform for comparison of insurance rates from ZPG Comparison Services Holdings UK, the United Kingdom based software-Financial Technology, provider of comparison platform.
As part of the transaction, MutuiOnline has also provided the grant to the sellers of a put option on 100% of the share capital of LeLynx and acquired IT excellence center headquarters in India.
The consideration was EUR 150m.
The transaction will be funded with available cash and the use of already available credit lines.
The transaction is expected to take place in the first days of 2023, subject to customary regulatory approvals.
Clifford Chance advised Gruppo MutuiOnline.
Baker McKenzie advised the seller ZPG Comparison Services Holdings with partners Luis Casals (pictured left) and Juanjo Corral (pictured right).