Press Release
RVU agrees to sell Rastreator and LeLynx brands
7.30am BST Monday 29th August 2022:
RVU, owners of Uswitch, Confused.com and Money.co.uk, announces today that it has entered into an agreement with Gruppo MutuiOnline to sell its Rastreator brand and RVU India. The agreement also includes the potential sale of LeLynx subject to local laws.
Rastreator is based in Spain, with an office in Mexico, and LeLynx is based in France.
The transaction has been approved by the board of directors of RVU and Gruppo MutuiOnline and remains subject to regulatory approval and customary closing conditions.
Tariq Syed, CEO of RVU, said: “It was a difficult choice to say goodbye to Rastreator and LeLynx, but we are very pleased to have found a new owner in Gruppo MutuiOnline.
“We firmly believe that Gruppo MutuiOnline will enable the brands to grow even stronger and continue to deliver outstanding outcomes for our customers in Spain, France and Mexico. This places us in a stronger position to intensify our focus on the UK market and help the millions of consumers who come to Uswitch and Confused to make confident household decisions.”
Alessio Santarelli, general manager of the Broking Division of Gruppo MutuiOnline, said: “We are honoured to see Rastreator and LeLynx join our group and we are keen to work closely together to design the next phase of growth, sharing best practices, finding synergies, and building on the successful business this team has created over the course of the years. We welcome all the colleagues in the Madrid, Paris, Mexico City and Gurgaon offices, of which we appreciate the team spirit and that we are keen to meet in the coming months.”
-Ends-
Media contacts
RVU:
Charlotte Nunes, Communications Director
Charlotte.nunes@rvu.co.uk / 020 3872 5614
Gruppo MutuiOnline:
Giangiuseppe Bianchi
Gbianchi@lobcom.it / +39 3356765624
Dalila Moretti
dmoretti@lobcom.it / +39 3346539469
About RVU
Formed in May 2018, RVU operates international digital brands that empower people to make confident decisions. With offices in London, Cardiff, Manchester, Madrid, Paris, Mexico City and Gurgaon, RVU reaches millions of consumers around the world, solving everyday complex problems through outstanding experiences.
RVU is jointly owned by US-based Red Ventures, a global group of influential brands, digital platforms and strategic partners, as well as Silver Lake, GIC and PSP Investments.
About Gruppo MutuiOnline
Gruppo MutuiOnline S.p.A., a company listed on the STAR segment of the Italian Stock Exchange, is the holding company of a group of firms operating in online broking of financial products with an aggregator model (main web sites: MutuiOnline.it and Segugio.it) and in the outsourcing of complex processes for the financial services industry in the Italian market.