Enstar Opens New Chapter as a Private Company Post-Acquisition
Deal News | Jul 02, 2025 | Globenewswire
Sixth Street, a prominent global investment firm, has completed its acquisition of Enstar Group Limited, a Bermuda-based insurance company, for $5.1 billion. This acquisition marks Enstar's transition to a privately held company as part of Sixth Street's investment strategy. The deal, involving $338 per ordinary share paid in cash, also saw participation from other institutional investors, including Liberty Strategic Capital and J.C. Flowers & Co. LLC. The acquisition was initially announced in July 2024, with shareholders approving the transaction by November 2024. Post-acquisition, Enstar plans to delist its shares from NASDAQ and continue its operations under its established name, focusing on its robust insurance business model. The transaction involved collaboration with financial advisors from Goldman Sachs and legal advisors from top law firms. The acquisition reflects strategic maneuvers in the insurance and investment sectors, emphasizing the increasing trend toward privatization among leading firms.
Sectors
- Insurance
- Private Equity
- Investment Banking
Geography
- Bermuda – Enstar Group Limited is based in Bermuda, which serves as its primary geographic location and operational base.
- United States – Many participants, including investment advisors, are based in the United States, which significantly influences the transaction's legal and financial frameworks.
Industry
- Insurance – The article involves Enstar, a global insurance group known for completing legacy acquisitions and providing capital release solutions within the insurance sector.
- Private Equity – Sixth Street, a global investment firm involved in the acquisition, operates within the private equity industry, highlighting its role in investment and financial strategies.
- Investment Banking – Goldman Sachs and other financial institutions played crucial advisory roles in the acquisition process, characterizing the investment banking industry's involvement in significant financial transactions.
Financials
- $5.1 billion – Total equity value of the acquisition deal for Enstar Group Limited.
- $338.00 per ordinary share – Price per share paid in cash to acquire Enstar.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enstar Group Limited | Target Company | Company | A global insurance group offering innovative capital release solutions, known for its legacy acquisitions. |
| Sixth Street | Bidding Company | Company | A global investment firm with over $115 billion in managed and committed capital, specializing in a flexible and data-enabled investment approach. |
| Liberty Strategic Capital | Investor | Company | Participant as an institutional investor in the acquisition of Enstar. |
| J.C. Flowers & Co. LLC | Investor | Company | Institutional investment firm participating in the Enstar acquisition. |
| Goldman Sachs & Co. LLC | Financial Advisor to Enstar | Company | Provided financial advisory services to Enstar during the acquisition transaction. |
| Paul, Weiss, Rifkind, Wharton & Garrison LLP | Legal Advisor to Enstar | Company | Acted as legal advisors to Enstar for the acquisition transaction. |
| Ardea Partners LP | Financial Advisor to Sixth Street | Company | Provided financial advisory services to Sixth Street in the acquisition of Enstar. |