trending Market Intelligence /marketintelligence/en/news-insights/trending/CbLo1knGaJX0VbdyqwTilg2 content esgSubNav
In This List

Tricadia Capital exercises option to buy Tiptree Financial Partners common units

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices


Tricadia Capital exercises option to buy Tiptree Financial Partners common units

Tricadia Capital Management LLC on June 5 exercised an option to purchase 540,000 common units of Tiptree Financial Partners LP at $15.00 per common unit.

The Tricadia option, granted in 2007, allows Tiptree Financial to deliver Tiptree Inc.'s class A common shares on an as exchanged basis of 2.798 class A common shares for each Tiptree Financial common unit. In settlement of the option, Tiptree Financial delivered 1,510,920 class A common shares of Tiptree Inc., held by a Tiptree Inc. unit, to Tricadia for total consideration of about $8.1 million.

As of June 5, Tiptree Inc. had 35,003,004 class A common shares outstanding and 8,049,029 class B common shares outstanding.