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Goldman Sachs Pays $291.6M For Enstar Stake

Goldman Sachs’ private equity funds will pay up to $291.6 million for a 19.9% stake in Enstar Group, company that invests in insurance and reinsurance companies and portfolios, Reuters reported. GS Capital Partners has invested $110.2 million to date in Enstar. The funds plan to invest additional money, following approval by regulators and Enstar shareholders, Reuters reported. Bermuda-based Enstar focuses on companies and portfolios that are no longer writing new policies, known as being in “run off.”

(Reuters) – Goldman Sachs Group Inc (GS.N) private equity funds are paying up to $291.6 million for a stake in Enstar Group Ltd