Tiptree and Warburg Pincus Announce Closing of Fortegra Sale
Tiptree and Warburg Pincus announced the closing of the sale of Fortegra, a leading specialty insurer, to DB Insurance Co., Ltd. of Korea. The transaction strengthens Tiptree's balance sheet, resulting in approximately $23.80 of pro-forma book value per diluted share.
Key figures
- Buyback authorization
- 20000000
- Pro forma book value per share
- 23.8
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