TypTap valued at $850mn as Centerbridge invests $100mn
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TypTap valued at $850mn as Centerbridge invests $100mn

Anna Sagar
March 01, 2021
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Centerbridge_Logo_New_york_2021.png

Centerbridge is to pay $100mn for an 11.75% stake in HCI Group’s TypTap in a deal which values the InsurTech at $850mn.

The buyout firm will receive preferred shares in the InsurTech, which will convert to common shares on a future IPO, as well as a four-year warrant to buy 750,000 HCI shares at $54.40

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