---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-065337"
form_type: "8-K"
ticker: null
cik: "0001363829"
company_name: "Enstar Group LTD"
filed_at: "2025-07-02T23:59:59+00:00"
generated_at: "2026-05-18T09:35:44.306339+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Sixth Street completes $5.1B acquisition of Enstar for $338/share; Enstar goes private

## Summary
- Cash consideration $338 per ordinary share; total equity value $5.1 billion.
- Enstar ordinary shares delisted from Nasdaq; trading suspended effective July 2, 2025.
- Company will file Form 25 to delist Series D and Series E preferred shares on or about July 14, 2025.
- Board of directors resigned; new directors appointed including Joshua Easterly, Michael Muscolino, others.
- Acquisition financed by Sixth Street, Liberty Strategic Capital, J.C. Flowers & Co., and other investors.

## SEC filing metadata
- accession: 0001104659-25-065337
- form_type: 8-K
- cik: 0001363829
- company_name: Enstar Group LTD
- filed_at: 2025-07-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 3.01, 3.03, 5.01, 5.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1363829/000110465925065337/0001104659-25-065337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1363829/000110465925065337/tm2519642d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-065337
- JSON: https://secwatch.observer/filing/0001104659-25-065337.json
- Plain text: https://secwatch.observer/filing/0001104659-25-065337.txt

## Source-grounded claims
- claim_id: 28f44fd4aec8448467a744194620fc1d60926ae0
  claim: Enstar Group LTD: The bye-laws of Parent Merger Sub became the bye-laws of the Company, with reference to 'Elk Merger Sub Limited' replaced by the Company's name.
  evidence_excerpt: Pursuant to the terms of the Merger Agreement, at the Third Effective Time, the bye-laws of Parent Merger Sub became the bye-laws of the Company, except that references to the name "Elk Merger Sub Limited" were replaced with references to the name of the Company (such bye-laws, the “ Bye-Laws ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1363829/000110465925065337/0001104659-25-065337-index.htm
- claim_id: 4201b00d9a1ffeea33bf3dd7054ce897f8a7c095
  claim: Enstar Group LTD underwent a change of control involving Elk Bidco Limited (backed by affiliates of Sixth Street Partners, LLC) for $338.00 in cash per ordinary share, representing a total equity value of $5.1 billion (closed 2025-07-02).
  evidence_excerpt: Time, a change in control of the Company occurred, and the Company became a wholly owned subsidiary of Parent. The aggregate consideration for the Mergers was approximately $5.1 billion. The funds used to complete the Mergers and the related transactions were provided by the Company, equity contributions from certain investment vehicles managed or advised by
  evidence_url: https://www.sec.gov/Archives/edgar/data/1363829/000110465925065337/0001104659-25-065337-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.