Buyout (LBO, MBO, MBI) • Insurance

Warburg Pincus Acquires Fetch Pet Insurance

On October 2, 2019, private equity firm Warburg Pincus acquired insurance company Fetch Pet Insurance

Acquisition Context
  • This is Warburg Pincus’ 13th transaction in the Insurance sector.
  • This is Warburg Pincus’ 200th transaction in the United States.
  • This is Warburg Pincus’ 14th transaction in New York.

Explore All 317 Buyout (LBO, MBO, MBI) Insurance Deals - Search the Database Free


M&A Deal Summary

Date October 2, 2019
Target Fetch Pet Insurance
Sector Insurance
Buyer(s) Warburg Pincus
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cozen O'Connor (Legal)

Target Company

Fetch Pet Insurance

New York, New York, United States
Fetch Pet Insurance is a provider of pet health insurance subscriptions services. Fetch Pet Insurance offers flexible coverage with the widest range of benefits and cover vet bills up to 90%. Fetch Pet Insurance is based in New York City.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 411 of 493
Sector: Insurance 13 of 19
Type: Buyout (LBO, MBO, MBI) 76 of 86
State: New York 14 of 21
Country: United States 200 of 242
Year: 2019 19 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Citizen Energy

Tulsa, Oklahoma, United States

Citizen Energy is an integrated oil and natural gas company engaged in the acquisition, development, production, exploration and sale of crude oil and natural gas properties located in Oklahoma, primarily targeting the Meramec and Woodford Shale formations. In addition to its upstream properties, Citizen operates ~213 miles of natural gas gathering pipelines, 225 MMcf/d of gas processing capacity, and ~103 miles of water gathering pipelines. Citizen Energy is based in Tulsa, Oklahoma.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Converge

Pasig City, Philippines

Converge is a fixed broadband provider. It provides high-speed internet at affordable prices to both retail and enterprise customers through its extensive proprietary fiber network that extends from the backbone to the last mile. Converge was founded in 2007 and is based in Pasig City, Philippines.

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