TowerBrook Capital Distributes Remaining Shares of WellCare Health Plans.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & LONDON -- Private equity firm TowerBrook Capital Partners, L.P. today announced the distribution of its remaining shares in WellCare Health Plans, Inc. TowerBrook made its investment in WellCare on July 31, 2002. WellCare completed its initial public offering on July 7, 2004 and trades on the NYSE NYSE See: New York Stock Exchange under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors WCG WCG World Cyber Games WCG Worldwide Church of God WCG World Community Grid WCG Wellington Caving Group (caving club in New Zealand) WCG Washington Calligraphers Guild WCG West Coast Grocery . "This was a highly successful investment for TowerBrook," said Neal Moszkowski, Co-CEO TowerBrook Capital Partners, L.P. "The growth of WellCare over the last few years has been a testament to the strength of WellCare's management team." Neal Moszkowski will remain Chairman of Board of WellCare Health Plans, Inc. About TowerBrook TowerBrook Capital Partners, L.P. is a transatlantic private equity organization, with offices in London and New York. The group is headed by Co-Chief Executive Officers Neal Moszkowski and Ramez Sousou. TowerBrook pursues control-oriented investments in European and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. middle market companies, partnering with highly capable management teams and seeking situations characterized by complexity. TowerBrook invests primarily in leveraged buy-outs, leveraged build-ups and distressed situations. More information can be found at www.towerbrook.com |
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