Investment Summary

Warburg Pincus Invests In Fortegra

On October 12, 2021, private equity firm Warburg Pincus invested in insurance company Fortegra

Investment Highlights
  • This is Warburg Pincus’ 16th transaction in the Insurance sector.
  • This is Warburg Pincus’ 218th transaction in the United States.
  • This is Warburg Pincus’ 10th transaction in Florida.

Investment Summary
Date 2021-10-12
Target Fortegra
Sector Insurance
Investor(s) Warburg Pincus
Deal Type Growth Capital
Advisor(s) Barclays Investment Bank (Financial)
Ropes & Gray
Sidley (Legal)

Target

Fortegra

Jacksonville, Florida, United States
Fortegra is a global specialty insurer. Fortegra and its subsidiaries 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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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 448 of 482
Sector (Insurance) 16 of 17
Type (Growth Capital) 148 of 158
State (Florida) 10 of 12
Country (United States) 218 of 237
Year (2021) 15 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Bond Vet

New York, New York, United States

Bond Vet offers a highly flexible, convenient experience for veterinary care, with clinics providing a wide range of appointment options including pre-scheduled appointments, walk-in visits, and telehealth. Bond Vet was founded in 2019 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 Abbisko Therapeutics

Shanghai, China

Abbisko Therapeutics is an oncology focused biopharmaceutical company dedicated to the discovery and development of innovative medicines for unmet medical needs in China and around the world. Abbisko Therapeutics was founded in 2016 and is based in Shanghai, China.

Sell -
Mergr

Product

Company

Legal