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MBIA, Inc. Stage: LBOs and Special Situations Date of Investment: 2008 Web Site : http://www.mbia.com
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MBIA Inc., headquartered in Armonk NY, conducts business through two subsidiaries: MBIA Insurance Corporation and MBIA Asset Management. MBIA Insurance Corporation is the world's largest monoline financial guaranty insurance company. MBIA Insurance Corporation generates revenue by insuring the timely payment of principal and interest on financial instruments in return for a guaranty fee. MBIA Asset Management is a world-class fixed income focused asset management organization. Through transactions announced on December 10th, 2007 and February 6th, 2008, Warburg Pincus Private Equity X invested an aggregate of $800 million in MBIA.
