In December, 2009, MCP joined Thomas H. Lee Company to invest in Conseco, one of the nation's largest providers of insurance, investment and lending products. The Company has a strong middle-America franchise and, through its nationwide network of insurance agents and finance dealers, provides financial products to over 12 million customers. Conseco has grown rapidly through acquisition, having acquired over 20 life, long-term care and health insurance companies since its founding. The Company is a low-cost provider of insurance products
with leading positions in fixed-annuities, long-term care, Medicare supplement, and specified disease markets.
In December 2002, Conseco filed for bankruptcy, emerging in 2003.
Date of Investment: December 1999
Date of Exit: December 2003
Web Site: www.conseco.com