Warburg Pincus Takes ~24% Stake in Fortegra via $200M Investment in Tiptree Subsidiary
October 12, 2021
Warburg Pincus is making a $200 million strategic minority investment to acquire approximately 24% of The Fortegra Group, LLC, the specialty insurance subsidiary of Tiptree Inc. The capital injection is intended to recapitalize the business, accelerate Fortegra's growth across admitted and E&S specialty lines, and support repayment of indebtedness.
- Buyers
- Warburg Pincus LLC
- Targets
- The Fortegra Group, LLC
- Sellers
- Tiptree Inc.
- Industry
- Insurance
- Location
- Florida, United States
- Transaction Type
- Growth capital
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