Investment firm Sixth Street acquires Enstar for $5.1 billion, entering property and casualty insurance market.

From Investing.com: 2024-07-29 10:57:33

Investment firm Sixth Street is set to acquire Enstar for $5.1 billion, with backing from Steven Mnuchin and J Christopher Flowers. This deal will allow Sixth Street to enter the property and casualty insurance market, offering Enstar shareholders $338 per share, with an expected closing in mid-2025. Enstar’s “go-shop” period ends on Sept. 2. Advisers for Enstar include Goldman, while Sixth Street is advised by Ardea Partners, Barclays, and J.P. Morgan Securities. With over $75 billion in assets, Sixth Street has invested in companies like Airbnb and Bay FC.



Read more at Investing.com: Investment giant Sixth Street inks $5.1 billion take-private purchase of Enstar By Reuters