GS Capital Investing in Enstar
April 25, 2011- Share:
GS Capital Partners is investing up to $291.6 million in Enstar Group (NASDAQ: ESGR) through a series of three tranches in return for a stake of up to 19.9%. GSCP is also receiving warrants to acquire an additional 2% ownership interest. The first tranche has already been completed with GSCP making a $110.2 million investment by purchasing shares for $86 apiece. Enstar acquires and manages insurance and reinsurance companies and provides management, consultancy and other services to the insurance and reinsurance industry.
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