Enstar acquires remaining 41% StarStone Specialty stake for $182.3mn
Enstar has inked a deal to acquire the remaining 41% stake in StarStone Specialty – the parent of the StarStone group of companies – from private equity firm Dowling Partners and Trident, a fund managed by PE house Stone Point, for $182.3mn.
The transaction’s consideration consisted of a cash payment of $119mn and the 13.5% equity interest that Enstar held in Northshore, the holding company of Lloyd’s underwriter Atrium.
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