Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 88

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 88
---
19, 2025, Fortegra received a non-binding indication of interest from Company C, which ascribed to Fortegra an enterprise value of $2.0 billion, and a corresponding equity value of approximately $1.7 billion (the “Company C February 19 IoI”), which valuation was unchanged from the Company C November 15 IoI. The Company C February 19 IoI indicated that Company C would assume Fortegra’s outstanding debt obligations as of the closing, the purchase price would be reduced by the amount of transaction-related expenses incurred, and that the transaction would be financed using existing sources of cash (including available debt capacity and/or existing borrowing facilities). The Company C February 19 IoI stated that it assumed that management-level employees would remain employed by Fortegra following the closing and noted that Company C planned to develop more definitive plans regarding employee matters during the next phase of the transaction process.

Following receipt of the Company C February 19 IoI, at the direction of Fortegra, representatives of Barclays and BofA Securities held several calls with representatives of Company C and its financial advisor to discuss the Company C February 19 IoI. During these calls, at the direction of Fortegra, representatives of Barclays and BofA Securities informed representatives of Company C that for Company C to be successful, it would need to improve the terms contemplated by the Company C February 19 IoI, including by increasing Company C’s valuation of Fortegra. During March 2025, representatives of Barclays and BofA Securities continued to discuss potential next steps with representatives of Company C’s financial advisor, and during such period members of Fortegra management held management presentations and a series of due diligence calls with representatives of Company C.

Following receipt of the Purchaser February 19 IoI, representatives of Barclays and BofA Securities held calls with representatives of Goldman Sachs to discuss the Purchaser February 19 IoI. During these calls, representatives of Barclays and BofA Securities, at the direction of Fortegra, informed representatives of Goldman Sachs that Purchaser was being invited to conduct additional diligence on Fortegra.

<div align='center'>43</div>

#### TABLE OF CONTENTS
On February 24, 2025, the Fortegra Board held a regularly scheduled meeting at which members of Tiptree management provided a general update on engagement with prospective acquirers of Fortegra, reviewed the terms of the Purchaser February 19 IoI and the Company C February 19 IoI, and discussed potential next steps.

On February