Enstar Group has announced that its shareholders have approved the proposed acquisition by investment company Sixth Street, with additional backing from Liberty Strategic Capital, J.C. Flowers & Co. and other institutional investors.  

The deal, which is due to be finalised by mid-2025, is subject to regulatory approvals and customary closing conditions. 

The final voting from the Special Meeting will be disclosed in a current report on Form 8-K to be filed with the US Securities and Exchange Commission.  

Following the transaction’s completion, Enstar common stock will be delisted from public trading as the company transitions to a privately held entity. However, it will retain its operations under the Enstar brand. 

Financial advisory services for Enstar are being provided by Goldman Sachs & Co., with legal guidance from Paul, Weiss, Rifkind, Wharton & Garrison and Hogan Lovells US.  

Sixth Street has engaged Ardea Partners, Barclays and J.P. Morgan Securities for financial advice, while legal advice is being offered by Simpson Thacher & Bartlett, Debevoise & Plimpton, and Cleary Gottlieb Steen & Hamilton. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The acquisition agreement values Enstar at $5.1bn. Upon the deal’s closure, Enstar shareholders will receive $338 in cash for each ordinary share they hold.  

This price represents an 8.5% premium over the 90-day volume-weighted average price and a 6.9% premium over the 60-day average as of 26 July 2024. 

Enstar, a NASDAQ-listed global insurance group, is known for its capital release solutions and has a history of acquiring more than 120 companies and portfolios since its inception in 2001.