Global insurance group Enstar is set to be acquired by existing investor Sixth Street in a $5.1 billion transaction, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the deal.
Upon closing of the transaction, Enstar shareholders will receive a total of $338.00 in cash per ordinary share of Enstar, which represents a total equity value of $5.1 billion.
The deal has been unanimously approved and recommended to its shareholders by Enstar’s Board of Directors, and is expected to close in mid-2025, subject to approval by Enstar’s shareholders, regulatory approvals, and other customary closing conditions.
