Aug 2024
Conyers advised Enstar Group Limited (“Enstar”) a Bermuda headquartered insurance group, in connection with its entry into a definitive merger agreement under which Sixth Street and certain institutional investors will acquire and take private Enstar.
The Conyers team advised on all aspects of Bermuda law and regulation relating to the acquisition by way of merger which will includes a series of transactions and mergers pursuant to which Enstar’s existing shareholders will ultimately receive US$338.00 in cash per ordinary share of Enstar. This included advising on all matters of Bermuda law relating to the required regulatory approvals, the 35 day ‘go shop’ period and the obtaining of the Enstar public shareholders approval to proceed with the acquisition.
Enstar is a NASDAQ-listed leading global insurance group that offers innovative capital release solutions.
Director Jacqueline King and Senior Associate Lauren Pereira advised on this matter.