Enstar Shareholders Approve Sixth Street Acquisition

In a significant development, Enstar Group Limited announced that its shareholders have approved the previously proposed acquisition by Sixth Street, with participation from Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors. Following the acquisition, which is expected to conclude by mid-2025 pending regulatory and customary approvals, Enstar will transition to a privately-held company and delist its stock. Financial advice to Enstar and Sixth Street is being provided by leading firms, including Goldman Sachs, Barclays, and J.P. Morgan. Legal guidance is from firms such as Paul, Weiss, and Simpson Thacher & Bartlett. The proposed acquisition is subject to risks related to regulatory approvals, possible fluctuations in Enstar's stock price, and potential litigation. The forward-looking statements highlight various uncertainties which may affect the transaction's outcome. Enstar is a globally recognized entity dealing in legacy acquisitions with a presence in multiple countries, and Sixth Street, a significant global investment firm, manages over $80 billion in assets.