Simpson Thacher Represents Sixth Street Partners in Purchase of Shares of Enstar
11.29.23
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Simpson Thacher is representing Sixth Street Partners (“Sixth Street”) in connection with the purchase by its affiliates of an aggregate of 803,500 voting ordinary shares of Enstar Group Limited (“Enstar”) from Canada Pension Plan Investment Board for an aggregate purchase price of $182.5 million. Such Sixth Street affiliates simultaneously assigned their right to acquire 89,300 shares of Enstar to Flexpoint Asset Opportunity Fund II-A, L.P. and Flexpoint Asset Opportunity Fund II-B, L.P. Upon completion of the foregoing transactions, such affiliates of Sixth Street will have an approximate 4.7% interest in Enstar.
Enstar is a leading global insurance group founded in Bermuda in 1933 that delivers innovative insurance solutions through a network of group companies.
The Simpson Thacher team included Elizabeth Cooper, Beini Chen and Jack Larkin (M&A); Hui Lin, Jennifer Nadborny and Kelly Johnson (Capital Markets); and Sophie Staples (Tax).