LONDON, June 17 (Reuters) - TA Associates is preparing

to put Netrisk Group, one of Hungary's largest price comparison

companies, up for sale, three people familiar with the matter

told Reuters.

The Boston-based buyout fund has hired Morgan Stanley ( MS ) to

advise on a possible sale of the business, which specialises in

comparing the prices of insurance products for consumers, two of

the people said, speaking on condition of anonymity.

Netrisk, with headquarters in Budapest, could be valued

above 500 million euros ($535.80 million) in a sale, one of the

people said.

The deliberations are at an early stage and a sale process

could launch after the summer, a second person added.

Representatives for Morgan Stanley ( MS ) and TA declined to

comment. Netrisk did not respond to a request for comment.

TA Associates bought a partial stake in Netrisk in 2020 from

MCI Group for about 235 million zlotys ($57.77 million). TA

Associates has since become the majority owner, while MCI

maintains a minority stake in the company.

Netrisk has expanded into Austria through its acquisition of

Durchblicker in 2022, and combined with Bauer Media Group's

online comparison platform in 2023.

Netrisk describes itself as the largest independent online

insurance broker in Hungary, offering vehicle policies along

with home and travel insurance.

($1 = 0.9332 euros)

($1 = 4.0681 zlotys)