Sixth Street to Acquire Enstar for $5.1 Billion at $338 Per Share

Jul 29, 2024, 11:40 AM

Investment firm Sixth Street has announced a definitive merger agreement to acquire Enstar Group Limited for $5.1 billion. The deal, valued at $338 per share in cash, will take Enstar private. Other investors in the acquisition include Liberty Strategic Capital and J.C. Flowers & Co. LLC. Enstar's shares were down -5.8% pre-market following the announcement.