Sixth Street’s $5.1 Billion Enstar Buy Guided by Big Law Firms

Five Big Law firms steered investment firm Sixth Street’s acquisition of Enstar, a deal to take the insurance company private for $5.1 billion.

Paul Weiss, Rifkind, Wharton & Garrison and Hogan Lovells guided Bermuda-based Enstar in the transaction. Simpson Thacher & Bartlett, Debevoise & Plimpton, and Cleary Gottlieb Steen & Hamilton advised Sixth Street.

Former US Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital and J.C. Flowers & Co. are also participating in the deal.

The Paul Weiss team is led by corporate partners Krishna Veeraraghavan and Benjamin Goodchild. The Simpson Thacher team is led by New York-based partners Katherine Krause, ...