Enstar ends “go-shop” period for $5.1 billion acquisition by Sixth Street

Enstar Group  announced that the 35-day “go-shop” period, during which they could seek other acquisition offers, has ended.

Sixth Street, a global investment firm, will acquire Enstar for $5.1 billion as part of a previously agreed merger.

Enstar and its advisor, Goldman Sachs, contacted 34 potential buyers during this period but did not receive any additional offers. Now, Enstar has entered a “no-shop” period, meaning it cannot actively seek or discuss alternative deals, except under certain conditions. The acquisition is expected to close in mid-2025, pending shareholder and regulatory approvals, after which Enstar will become a private company.