Sixth Street Completes Acquisition of Enstar

Core Insights - Enstar Group Limited has completed its acquisition by investment vehicles managed by affiliates of Sixth Street for $338.00 per ordinary share, totaling an equity value of $5.1 billion [1][3] - The acquisition marks a significant transition for Enstar as it will now operate as a privately held company, ceasing public trading of its ordinary shares [3] Company Overview - Enstar is a global insurance group specializing in innovative capital release solutions, with a strong presence in Bermuda, the United States, the United Kingdom, Continental Europe, Australia, and other international markets [9] - Since its establishment in 2001, Enstar has acquired over 120 companies and portfolios, positioning itself as a market leader in legacy acquisitions [9] Investment Firm Overview - Sixth Street is a global investment firm managing over $115 billion in assets and committed capital, focusing on long-term flexible capital and data-enabled capabilities [10] - Founded in 2009, Sixth Street employs more than 650 team members, including over 280 investment professionals worldwide [10] Transaction Details - The acquisition was initially announced on July 29, 2024, and received shareholder approval on November 6, 2024 [3] - Following the transaction, Enstar intends to withdraw its depositary shares from NASDAQ and will not seek listing on another national securities exchange [2][3]