Enstar Group Limited to be acquired by Sixth Street Specialty Lending for $5.1B in cash, forming a private entity.
Enstar Group Limited, an insurance provider, agreed to be acquired by Sixth Street Specialty Lending for $5.1 billion in cash, forming a private entity. Expected completion is in mid-2025; Enstar will continue operating under the same name. The deal offers shareholders $338 per share, representing an 8.5% premium over the 90-day VWAP. Enstar's largest shareholder, Vanguard Group, sold 58,359 shares during Q1 2023.
July 29, 2024
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