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Enstar to Be Acquired by Sixth Street for $5.1 Billion
- Client News
- July 29, 2024
Paul, Weiss is advising leading global insurance company Enstar Group Limited in its all-cash $5.1 billion acquisition by investment firm Sixth Street, with participation from Liberty Strategic Capital, J.C. Flowers & Co. LLC and other institutional investors. Under the terms of the transaction, Enstar shareholders will receive a total of $338.00 in cash per ordinary share of Enstar.
Following the close of the transaction, Enstar will maintain its current operations and business strategy. The deal is expected to close in mid-2025, subject to shareholder and regulatory approvals, and other customary closing conditions.
The Paul, Weiss team is led by corporate partners Krishna Veeraraghavan and Benjamin Goodchild, and includes partners Matthew Leist, Ben Steadman, Timothy Cruickshank, Eric Wedel, Victoria Forrester and Patricia Vaz de Almeida, and counsel Nathan Mitchell and Peter Bang; executive compensation partners Jarrett Hoffman, Ron Aizen and Reuven Falik, and counsel Lisa Krausz Eisenberg; tax partners Brian Krause, Cian O’Connor and Timothy Lowe, and counsel Jamie Chambers and Caroline Inker; litigation partner Geoffrey Chepiga and counsel Audrey Paquet; intellectual property partner Jonathan Ashtor; antitrust partner Marta Kelly; and environmental counsel William O'Brien.