PE fund KKR to buy the rest of Global Atlantic
30 November 2023
31 January 2025
Czech Direct pojišťovna, which is part of VIGO Investment, is expanding into Poland. The Czech and Polish regulatory authorities have allowed Direct Pojišt'ovna to acquire the Polish part of Wefox, a multinational company undergoing restructuring. Direct will gain 400,000 Polish clients through this acquisition, nearly doubling its insurance client base.
In 2024, Vigo had a turnover of CZK 8bn and 600,000 clients, half a million of which fall under Direct pojišťovna. The parties decided not to comment on the value of the transaction.