Sixth Street Acquires Enstar for $5.1 Billion

Cleary Gottlieb represented Sixth Street in connection with its acquisition of Enstar Group Limited (Enstar).

Enstar shareholders will receive a total of $338 in cash per ordinary share of Enstar payable upon closing of the transaction, representing a total equity value of $5.1 billion.

Cleary advised Sixth Street in connection with consortium and co-investment arrangements, as well as antitrust and foreign direct investment matters in relation to the transaction.

Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participated in the transaction.