WEFOX TO SELL ITALIAN ENTITIES WEFOX MGA S.R.L. AND WEFOX SERVICES ITALY S.R.L. TO J.C. FLOWERS & CO. - RESTRUCTURING COMPLETED

Zurich, 13 May 2025 - wefox has agreed to sell 100% of the shares in its Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., which focus mainly on affinity distribution with an emphasis on motor insurance, to funds managed by J.C. Flowers & Co., a global private investment firm dedicated to investing in the financial services industry. The transaction will provide wefox with additional financial flexibility and marks the successful completion of the group’s restructuring. The team led by CEO Joachim Müller and supported by the investors can now fully focus on developing the business and ensuring its sustainable financing.

The operational business of the Italian entities will not be affected. wefox customers and business partners in Italy will continue to receive high-quality administration services and claims handling support through their existing contacts.

The transaction is expected to be completed by the end of the second quarter this year subject to customary closing conditions. The parties have agreed not to disclose any terms of the transaction.

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