$TIPT interesting special situation at discount to SOTP. Usually avoid these seemingly obvious SOTP situations but Warburg Pincus investment provides a confidence boost
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Conor Mac's avatar
What is the catalyst?
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Talbott Zink's avatar
@talbottOctober 13
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any moves to break up the business. They've got random equity holdings worth a good chunk, but the SOTP anchors on Fortegra, the insurance business
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Talbott Zink's avatar
@talbottOctober 13
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Warburg Pincus invested 200MM in Fortegra, highlighting interest there and also helping to solidify the value
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