Investment firm Sixth Street has announced a definitive merger agreement to acquire Enstar Group Limited for $5.1 billion. The deal, valued at $338 per share in cash, will take Enstar private. Other investors in the acquisition include Liberty Strategic Capital and J.C. Flowers & Co. LLC. Enstar's shares were down -5.8% pre-market following the announcement.
Today's M&A notes $ESGR to be acquired by Sixth Street for $338.00 cash, -3.0% discount, $5.1 bn $CPTN to be acquired by KOITO MANUFACTURING for $3.17 cash, 25.3% premium, $110 mm $FCGV.v to be acquired by $ITR.v for 0.467x shares, 9.0% premium, $95 mm https://t.co/XAJp1MbEzs
Mergers Monday ā¦.Enstar (ESGR) gets $338 cash deal with PE firm Sixth Street ,,,,Jake under ESGR closed at $348
$CPTN (+19.4% pre) Cepton Shares Leap Premarket on Deal to Be Acquired by Koito ( $3.17 a share in cash) - MW https://t.co/hnliXMQEeW