Tiptree announces strategic investment in fortegra from warburg pincus llc

New york--(business wire)--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, a leading global growth investor. 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 2022. this transaction highlights the underlying intrinsic value of fortegra to tiptree sh
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