Investment firm Sixth Street to acquire Enstar in $5.1 billion deal

(Reuters) – Investment firm Sixth Street will acquire Enstar in a deal valued at $5.1 billion, the insurer said on Monday.

Liberty Strategic Capital, J.C. Flowers and other institutional investors have also agreed to participate in the deal, Enstar said.

Enstar shareholders will receive $338 per share in cash and the deal is expected to close in mid-2025.

(Reporting by Niket Nishant in Bengaluru; Editing by Shilpi Majumdar)