M&A Deal Summary

MCI Group Acquires Netrisk Group

On November 29, 2017, MCI Group acquired insurance company Netrisk Group from Enterprise Investors for 57M EUR

Acquisition Highlights
  • This is MCI Group’s 1st transaction in the Insurance sector.
  • This is MCI Group’s largest (disclosed) transaction.
  • This is MCI Group’s 1st transaction in Hungary.
Investment Fate
  • Netrisk Group was sold to a consortium of buyers in 2020.

M&A Deal Summary

Date 2017-11-29
Target Netrisk Group
Sector Insurance
Buyer(s) MCI Group
Sellers(s) Enterprise Investors
Deal Type Add-on Acquisition
Deal Value 57M EUR

Target

Netrisk Group

Budapest, Hungary
website
Netrisk Group is an independent online insurance brokerage company that became the first Hungarian company offering a platform for comparing and distributing insurance products via the internet. Today, Netrisk distributes several types of non-life insurance products, including MTPL, casco, home, and travel insurance policies.

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Buyer(S) 1

Buyer

MCI Group

Geneva 13, Switzerland

website


Category Company
Founded 1993
Sector Business Services
Revenue 337M CHF (2012)
DESCRIPTION

MCI Group is an organization of professional congresses and Corporate Events. MCI Group was founded in 1993 and is based in Geneva, Switzerland.


DEAL STATS #
Overall 11 of 12
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 11 of 12
Country (Hungary) 1 of 1
Year (2017) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-10 Wyndham Jade

Plano, Texas, United States

Wyndham Jade is an event and travel management company that specializes in convention housing and registration, meeting management, incentive programs, business travel management and site selection. A pioneer in convention housing, Wyndham Jade has helped clients strategically manage housing and registration services for more than 30 years. With offices in Texas, Arizona, Iowa, Georgia and Chicago, Wyndham Jade has the resources to offer a complete event and travel solution to associations and companies. Backed by innovation, Wyndham Jade offers a complete technology solution by combining housing and registration into one integrated platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-20 Sentergroup

Chicago, Illinois, United States

Sentergroup provides association management services through collaborative engagements based on trust, respect, and flexibility. Sentergroup was founded in 2002 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Enterprise Investors

Warsaw, Poland

Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Enterprise Investors is a private equity firm focused on investments in Central and Eastern Europe, with a primary interest on opportunities in Poland. Enterprise Investors is a generalist investor and looks to commit €30 to €50 million in medium-sized businesses. Enterprise Investors was formed in 1990 and is headquartered in Warsaw.


DEAL STATS #
Overall 23 of 32
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 9 of 14
Country (Hungary) 1 of 1
Year (2017) 6 of 7
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-02 CBA Slovakia a.s.

Lučenec, Slovakia

CBA Slovakia a.s. is an independent food retailer in Slovakia. CBA Slovakia operates a network of 310 convenience food stores and proximity supermarkets in western and central Slovakia and is one of the largest independently owned food retailers in the country, ranked right behind international chains.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Macon Deva SA

Deva, Romania

Macon Deva SA is one of the largest manufacturers of building materials in Romania. In over 50 years of development and innovation, with strength and passion for constructions, we drove the way from a small factory of insulating materials to the number 1 manufacturer of AAC and precast concrete in Romania.

Sell -