Enstar Group to Go Private in $5.1 Billion Deal
Sixth Street leads acquisition with participation from Liberty Strategic Capital and J.C. Flowers & Co.
- Enstar shareholders to receive $338 per share, an 8% premium over the 90-day average.
- The offer is below Enstar’s recent closing price, causing shares to drop over 6%.
- Enstar will maintain its current operations and business strategy post-acquisition.
- The agreement includes a 35-day 'go-shop' period for potential superior bids.
- The transaction is expected to close in mid-2025, pending shareholder and regulatory approvals.
Investopedia 
Financial Post 
Coverager 
Benzinga 