Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

Warburg Pincus has acquired K2 Insurance Services (K2), a speciality insurance programme manager, from private equity firm Lee Equity Partners (Lee Equity), according to a report by Captive Insurance Times.

The report cites a statement issued by K2 as saying that Warburg Pincus will now support the firm’s continued growth strategy, including mergers and acquisitions.

The terms of the transaction have not been disclosed.

K2 offers a diversified portfolio of 24 specialised programmes across four key segments: speciality commercial, speciality transportation, international, and personal lines, and also provides a number of centralised services to managing general agents.

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Warburg Pincus LLC is a leading global growth investor. The firm has more than $64 billion in private equity assets under management. The firm’s active portfolio of more than 205 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value.

Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $94 billion in over 940 portfolio companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore.

Source: Business Wire

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