Enstar’s “go-shop” period has expired, Sixth Street merger expected to close in mid-2025
- October 28, 2025
- Posted by: Beth Musselwhite
- Category: Insurance
Global insurance group Enstar has announced that its 35-day “go-shop” period, provided with the previously announced definitive merger agreement with Sixth Street, expired on September 2, 2024.
The definitive merger agreement involves Sixth Street acquiring Enstar in a $5.1 billion transaction, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the deal.
The deal is anticipated to close in mid-2025, subject to approval by Enstar’s shareholders, regulatory approvals, and other customary closing conditions.
During the “go-shop” period, Enstar, with assistance from its financial advisor Goldman Sachs & Co. LLC, sought alternative acquisition proposals from 34 potentially interested parties.
To date, the company has not received any additional acquisition proposals.
With the “go-shop” period concluded, Enstar and its financial advisor have entered the “no-shop” period. During this, the company is restricted from soliciting or negotiating alternative acquisition proposals and providing non-public information related to such proposals, subject to customary “fiduciary out” provisions.
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