Enstar shareholders approve sale

Enstar shareholders have approved the $5.1 billion sale of the legacy insurer to Sixth Street and other investors. 

The acquisition is expected to close in mid-2025 subject to regulatory approvals.    

The purchase of the Bermuda-based company for $338 per share represented an 8.5% premium over the company's trade price when the deal was announced in July. 

At the time of the announcement, chief executive officer Dominic Silvester said the transaction was the best next step for the company's shareholders. 

Sixth  Street is buying Enstar with Liberty Strategic Capital, JC Flowers and other institutional investors. 

While the company will be taken private and will no longer be publicly listed, it will continue to trade under the Enstar name. 

The company is currently listed on NASDAQ.  

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