Debevoise Advises Hillhouse in Two Transactions with Enstar Totaling $1.1 Billion

19 July 2021

Debevoise & Plimpton LLP is advising Hillhouse Capital Management in its agreement to sell its 3,749,400 ordinary shares of Enstar Group Limited (NASDAQ: ESGR) back to Enstar. The shares were priced at $234.52 per share totaling $879.3 million, and represent Hillhouse funds’ entire interest in Enstar. On the same day, Enstar’s wholly owned subsidiary also agreed to purchase a Hillhouse affiliate’s entire 27.7% interest in Enhanzed Reinsurance Ltd. for an estimated purchase price of $228.7 million. For more information, please see the Enstar’s press release.

Hillhouse is an investment management firm for institutional clients and also invests in public equity and private markets worldwide. Enstar is a leading global insurance group that delivers insurance solutions to its clients.

The team is led by M&A partners Andrew Bab and Drew Dutton and includes associate Dominique Trudelle.