trending Market Intelligence /marketintelligence/en/news-insights/trending/iEWSUg3dQRdqzL1KannBgg2 content esgSubNav
In This List

TPG Global prices sale of remaining shares in Assurant

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


TPG Global prices sale of remaining shares in Assurant

An underwritten secondary public offering of all of the remaining 7,869,230 common shares of Assurant Inc. held by certain affiliates of TPG Global LLC was priced at $98.70 apiece, for approximate gross proceeds of $776.7 million.

The offering is expected to close March 21. These shares were originally part of the 10,069,230 shares issued to certain affiliates of TPG Global for the purchase of The Warranty Group Inc. in May 2018.

Assurant will not sell any shares and will not receive any proceeds from the offering, for which Goldman Sachs & Co. LLC is serving as underwriter.