Announced
Completed
Financials
Sources
Tags
Acquisition
Single Bidder
United States
insurtech
FinTech
Minority
Private Equity
Friendly
Private
Domestic
Completed
Synopsis
Centerbridge Partners completed the acquisition of a 11.75% stake in TypTap, an InsurTech company, for $100m. “This capital infusion will enable TypTap to pursue its national expansion plans rapidly and to continue developing innovative insurance-related technologies. We will immediately begin preparing TypTap for future growth. Centerbridge will be a valuable partner in all our efforts and we look forward to working with them," Paresh Patel, TypTap CEO.
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