M&A Deal Summary

DB Insurance Acquires Fortegra

On September 26, 2025, DB Insurance acquired insurance company Fortegra from Warburg Pincus

Acquisition Highlights
  • This is DB Insurance’s 1st transaction in the Insurance sector.
  • This is DB Insurance’s 1st transaction in the United States.
  • This is DB Insurance’s 1st transaction in Florida.

M&A Deal Summary

Date 2025-09-26
Target Fortegra
Sector Insurance
Buyer(s) DB Insurance
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition

Target

Fortegra

Jacksonville, Florida, United States
Fortegra is a global specialty insurance company through its subsidiaries, offers to underwrite and administer a comprehensive and diverse set of admitted and surplus insurance products and warranty solutions across the United States and around the world. Fortegra is based in Jacksonville, Florida.

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Buyer(S) 1

Buyer

DB Insurance

Seoul, South Korea

Category Company
Founded 1962
Sector Life Science
Revenue 17.23T KRW (2024)
DESCRIPTION

DB Insurance is a non-life insurance company that provides a comprehensive portfolio of general, long-term, and automobile insurance, along with a broad range of financial services through its subsidiaries in life insurance, securities, savings banking, and asset management. DB Insurance was formed in 1962 and is based in Seoul, South Korea.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 263 of 263
Sector: Insurance M&A 6 of 6
Type: Add-on Acquisition M&A Deals 95 of 95
State: Florida M&A 6 of 6
Country: United States M&A 148 of 148
Year: 2025 M&A 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-10 Service Express

Grand Rapids, Michigan, United States

Service Express is a provider of third-party maintenance services for mission-critical data center infrastructure focused on server and storage equipment. Service Express was founded in 1986 and is based in Grand Rapids, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-13 PSI Group

Berlin, Germany

PSI Group develops software products for optimizing the flow of energy and materials for utilities and industry. As an independent software producer, it offers process control systems that ensure sustainable energy supply and production by combining AI methods with industrially proven optimization methods. PSI Group is based in Berlin, Germany.

Buy €702M