Fortegra warburg pincus
WebOct 14, 2024 · Fortegra, which specializes in program business, underwrites $2 billion of gross written premiums and premium equivalents annually, TipTree said in a statement. … WebJun 21, 2024 · The investment gives Warburg Pincus an approximately 24% ownership in Fortegra on an as-converted basis. Up to $60 million of the proceeds will be used to …
Fortegra warburg pincus
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WebOct 12, 2024 · Tiptree (NASDAQ:TIPT) announced a $200M strategic investment in its insurance subsidiary, The Fortegra Group, from Warburg Pincus, a leading global … WebOct 13, 2024 · Tiptree Inc., (New York) parent company of global specialty insurer and service provider The Fortegra Group (Jacksonville, Fla.), has announced a $200 million strategic investment in Fortegra from Warburg Pincus LLC, a global growth investor. The investment will give Warburg Pincus an approximate 24 percent ownership in Fortegra …
WebOct 12, 2024 · Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider … WebDon Wilson’s Post Don Wilson Global Technology and Strategy at Fortegra 2y
WebAll Data is as of June 30, 2024 pro-forma for the impact of the Warburg Pincus investment in Fortegra, which was signed on October 11, 2024. 1) Based on investment post money valuation of $691 million, multiplied by Tiptree’s 79.5% … WebOct 27, 2024 · Warburg Pincus announced a strategic investment of $200 million in Fortegra Group, LLC, an insurance subsidiary of Tiptree Inc. The investment will give Warburg Pincus an “approximate 24% ownership in Fortegra on a fully diluted basis and is expected to close in the first quarter 2024,” according to a press release.
WebApr 3, 2024 · Bloomberg.com — Warburg Pincus Hires Goldman Partner Seth for Capital Solutions. News • Feb 3, 2024. The Drawdown — Warburg Pincus-backed PTSG acquires Indepth Hygiene Services. News • Jan 28, 2024. DealStreetAsia — Warburg Pincus amasses $15.4b for latest flagship private equity fund. News • Jan 19, 2024.
WebOct 12, 2024 · With the backing of Tiptree and Warburg Pincus, Fortegra enters its next phase of growth focused on the specialty admitted and E&S lines, while maintaining its historically strong underwriting principles. Tiptree's Executive Chairman Michael Barnes said, "This investment accomplishes many of our strategic goals including raising capital … cir in insuranceWebOct 13, 2024 · Fortegra’s strong financial performance in 2024 and the first half of 2024 demonstrates the growth trajectory and consistent underwriting results of the business. With the backing of Tiptree and Warburg Pincus, Fortegra enters its next phase of growth focused on the specialty admitted and E&S lines, while maintaining its historically strong ... cir in computerWebJun 22, 2024 · Warburg Pincus has completed its previously announced $200mn investment in Tiptree’s specialty admitted and E&S carrier The Fortegra Group with the backing set to herald a renewed period of expansion at the Rick Kahlbaugh-led business. diamond north west boltonWebJun 21, 2024 · Warburg Pincus is a leading global growth investor. The firm has more than $80 billion in assets under management. The firm’s active portfolio of more than 245 … ciri night cityWebOct 12, 2024 · Tiptree Inc. (NASDAQ:TIPT) ("Tiptree" or the "Company"), today announced a $200 million strategic investment in its insurance subsidiary, The Fortegra Group, LLC ("Fortegra") from Warburg Pincus (News - Alert), a leading global growth investor.The investment will give Warburg Pincus an approximate 24% ownership in Fortegra on a … ciring injection buy onlineWebOct 12, 2024 · Investment. Committed to a $200 million investment in Fortegra by Warburg Pincus o $120 million common equity. o $80 million convertible preferred. Represents 24% ownership interest in Fortegra on an as-converted basis. Expected to close in the first quarter of 2024, subject to regulatory approvals. diamond nose pin for womenWebJun 22, 2024 · Warburg Pincus LLC completed its $200 million strategic investment in Tiptree Inc. subsidiary The Fortegra Group Inc. Following the investment, Warburg Pincus owns approximately 24% of Fortegra Group on an as-converted basis. Fortegra Group will use up to $60 million of the proceeds to support its growth opportunities. The remainder … diamond nose stud flat back