- The transaction gives Warburg Pincus an approximate 24 percent ownership stake in Fortegra
- Up to $60 million of the deal’s proceeds will be used to support Fortegra’s growth and pay down Tiptree’s debt
- Barclays acted as financial advisor to Tiptree and Fortegra while BofA Securities was financial advisor to Warburg Pincus.
Specialty insurer Fortegra picks up $200m from Warburg Pincus
Fortegra is the insurance subsidiary of Tiptree Inc, a holding company.
