HCI redeems TypTap shares held by Centerbridge as step to 'unlocking value'
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HCI redeems TypTap shares held by Centerbridge as step to 'unlocking value'

Hal Stucker
January 23, 2024
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HCI logo fundraise.jpg

HCI, through its TypTap Insurance subsidiary, has repaid roughly $100mn that Centerbridge Partners invested in TypTap in February 2021, fully redeeming the preferred shares held by the private equity firm.

It positioned these changes as preparation to help “unlock shareholder value”, after last April shelving plans for an IPO for TypTap amid turbulence in the InsurTech sector at that time.

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