Warburg Pincus Takes ~24% Stake in Fortegra via $200M Investment in Tiptree Subsidiary

DB Insurance to Acquire Fortegra in $1.65 Billion Deal

November 10, 2025

Insurance

DB Insurance has entered into a definitive agreement to acquire 100% of the outstanding shares of The Fortegra Group, Inc. (“Fortegra”) for approximately $1.65 billion, financed entirely from DB Insurance’s internal cash reserves. The deal is intended to expand DB Insurance’s scale and capabilities as it grows internationally and strengthens its position in U.S. specialty P&C, warranty, and related sectors.

Warburg Pincus Acquires K2 Insurance Services from Lee Equity Partners

December 1, 2022

Insurance

Warburg Pincus has agreed to acquire K2 Insurance Services from Lee Equity Partners to support the company's next phase of growth, including M&A and de-novo incubation. K2, a San Diego-based specialty insurance program manager that services over $1 billion in premiums through a portfolio of MGAs, will be backed by Warburg Pincus to expand its underwriting and distribution capabilities.

Warburg Pincus and Temasek Acquire Specialist Risk Group

May 21, 2024

Insurance

Warburg Pincus and Temasek agreed to acquire Specialist Risk Group (SRG) from HGGC, with SRG management reinvesting and retaining a significant stake. The investors will support SRG’s next stage of growth as the specialist insurance intermediary expands its people-focused platform and international capabilities; closing is subject to customary regulatory approvals.

Warburg Pincus Takes Minority Stake in Aztec Group

September 3, 2024

Financial Services

Warburg Pincus has taken a minority equity stake in Aztec Group and will become a key client, using Aztec as its preferred fund administration partner across its global footprint. The investment will support Aztec's continued international expansion—particularly into the U.S.—and the build-out of capacity and capabilities while the existing management team and founder remain in place.

Warburg Pincus Makes Majority Investment in uvex group

July 1, 2025

Industrial Services

Warburg Pincus will acquire a majority interest in the uvex group, the family-owned provider of personal protective and sports protective equipment. The Winter and Grau owner families will retain a significant minority stake and remain involved in the company’s future growth.

Warburg Pincus Recapitalizes Kestra Financial; Stone Point Retains Minority Stake

February 25, 2019

Financial Services

Warburg Pincus agreed to acquire a majority interest in Kestra Financial in a recapitalization transaction, with funds managed by Stone Point Capital retaining a minority stake and Kestra management and certain advisors keeping equity. The deal will provide growth capital to expand Kestra's advisor platform, technology and recruiting initiatives and is expected to close subject to regulatory approvals.