Warburg Pincus’ US$200 Million Strategic Investment in Fortegra

Sidley Austin and Ropes & Gray advised Tiptree Inc. and Fortegra on the insurance and regulatory aspects of the deal.

Warburg Pincus, a leading global growth investor, announced a US$200 million strategic investment in Fortegra.

Fortegra is a rapidly growing global specialty insurer that underwrites and administers a variety of products across the U.S. and Europe. The deal represents a significant milestone for Tiptree, as Fortegra enters its next phase of growth.

Tiptree is a publicly-traded holding company that allocates capital across a broad spectrum of businesses, assets and other investments. The Fortegra Group is its insurance subsidiary.

The Sidley team was led by Michael Devins (Picture), and included Andrew Holland and Jacob Grossman (all Insurance).

The Ropes & Gray team was led by mergers & acquisitions partners Michael Littenberg (New York) and William Michener (Boston), and included tax partners David Saltzman and Pamela Glazier (both of Boston), employment, executive compensation & benefits partner Renata Ferrari (Boston), litigation & enforcement counsel Deidre Johnson (Boston), mergers & acquisitions associates Daniel Lim and Anna Sandiford (both of New York) and Daniel Wilson (Boston), and benefits consultant Jonathan Conon (New York).

Involved fees earner: Renata Ferrari – Ropes & Gray; Pamela Glazier – Ropes & Gray; Deidre Johnson – Ropes & Gray; Daniel Lim – Ropes & Gray; Michael Littenberg – Ropes & Gray; William Michener – Ropes & Gray; David Saltzman – Ropes & Gray; Michael Devins – Sidley Austin LLP; Jacob Grossman – Sidley Austin LLP; Andrew Holland – Sidley Austin LLP;

Law Firms: Ropes & Gray; Sidley Austin LLP;

Clients: Fortegra; Tiptree Inc.;

Martina Bellini

Author: Martina Bellini