Enstar goes private in $5.1 billion deal

Enstar Group has completed its $5.1 billion acquisition by investment vehicles managed by Sixth Street, marking its transition to a privately held company. The $338-per-share all-cash deal also included backing from Liberty Strategic Capital, J.C. Flowers & Co., and other institutional investors. With the transaction complete, Enstar will delist its preferred shares from Nasdaq and continue operations under its existing name.

“Enstar is a compelling company with a robust business model and an exceptional management team. We are thrilled to reach this milestone and look forward to partnering with Dominic and the rest of the Enstar team to help them execute on their existing strategy.” – Michael Muscolino, Co-Founder and Partner at Sixth Street.