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
TypTap valued at $850mn as Centerbridge invests $100mn
![Centerbridge_Logo_New_york_2021.png](https://assets.euromoneydigital.com/dims4/default/cf6076c/2147483647/strip/true/crop/700x410+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Ff3%2F7b%2F7396339041c8a9a895bff2e7e30a%2Fcenterbridge-logo-new-york-2021.png)
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