Investment Summary

Warburg Pincus Invests In Foundation Risk Partners

On January 1, 2017, private equity firm Warburg Pincus invested in insurance company Foundation Risk Partners

Investment Highlights
  • This is Warburg Pincus’ 9th transaction in the Insurance sector.
  • This is Warburg Pincus’ 169th transaction in the United States.
  • This is Warburg Pincus’ 6th transaction in Florida.

Investment Summary
Date 2017-01-01
Target Foundation Risk Partners
Sector Insurance
Investor(s) Warburg Pincus
Deal Type Growth Capital

Target

Foundation Risk Partners

Ormond Beach, Florida, United States
Foundation Risk Partners is a de novo, middle-market retail insurance broker offering centralized resources and strategies to allow incoming partners the ability to further expand and deliver better outcomes to their current and future clients. Foundation Risk Partners was founded in 2017 and is based in Ormond Beach, Florida.

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Investor(S) 1

Investor

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 329 of 482
Sector (Insurance) 9 of 17
Type (Growth Capital) 107 of 158
State (Florida) 6 of 12
Country (United States) 169 of 237
Year (2017) 6 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Taiji Data

China

Taiji Data is a carrier-neutral data center operator based in China. The goal of Taiji is to capitalize on the rapid growth in China’s data center sector and to create a leading wholesale data center platform (the Digital Realty of China) through greenfield developments, brownfield conversions and acquisitions in Tier 1 cities and surrounding areas, as well as in select Tier 2 cities in China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-20 Accriva Diagnostics

San Diego, California, United States

Accriva Diagnostics is a leader in hemostasis management and POC testing. Accriva develops, manufactures, and markets: Hemochron® and ProTime® POC coagulation systems; IRMA TruPoint® Blood Gas and Electrolyte systems; Avoximeter® CO-Oximetry systems; and Tenderfoot®, Tenderlett® and Surgicutt® skin incision products.

Sell -
Mergr

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