Sixth Street-led Group Acquires Enstar Group for $5.1 Billion

Starwood-led Consortium Privatises ESR Group

December 4, 2024

Real Estate

A consortium led by Starwood Capital Group, Sixth Street and SSW Partners, with Warburg Pincus, Qatar Investment Authority and ESR's founders, completed a take-private of ESR Group Limited. The privatisation (valued at ~HK$55.2 billion / US$7.11 billion in the proposal) is intended to accelerate a strategic transformation—simplifying the portfolio, refocusing on logistics and data centres, and executing long-term initiatives in a private setting.

Sixth Street Acquires 49% Stake in Enipower from Eni

March 14, 2022

Energy

Sixth Street has agreed to acquire a 49% stake in Enipower from Eni, forming a long-term partnership while Eni retains operational control and financial consolidation. The transaction provides Eni with capital to support its energy transition strategy and gives Sixth Street an institutional infrastructure stake in Italy's electricity production.

Reverence Capital Partners Acquires Majority Stake in Sunstar Insurance Group

July 1, 2024

Insurance

Reverence Capital Partners has agreed to acquire a majority stake in Sunstar Insurance Group, a Memphis-based independent retail insurance broker focused on Commercial P&C, Personal P&C and Employee Benefits. Sunstar’s management will remain in place and roll a material portion of proceeds, while Reverence will provide capital and support to accelerate Sunstar’s organic growth and tuck-in acquisitions across the Southeast and Midwest.

Bain Capital Takes Envestnet Private in $4.5B Transaction

July 11, 2024

Financial Services

Bain Capital, with participation from Reverence Capital and Norwest, agreed to acquire Envestnet for $63.15 per share in a transaction valuing the company at approximately $4.5 billion. Strategic partners BlackRock, Fidelity Investments, Franklin Templeton, and State Street Global Advisors committed to minority investments in the private company; the deal is intended to support Envestnet's growth and further investment in its wealth management platform.

Hellman & Friedman Acquires Majority Stake in Enverus from Genstar Capital

April 13, 2021

Cloud & SaaS

Hellman & Friedman (H&F) has acquired a majority ownership stake in Enverus from Genstar Capital, with Genstar remaining a significant minority shareholder. The transaction values Enverus at $4.25 billion including assumed debt and is intended to accelerate Enverus' growth in SaaS, predictive analytics, AI/ML and expansion into renewable energy, power and ESG capabilities.

Genstar Capital Reinvests in Cetera Financial Group

December 21, 2023

Financial Services

Genstar Capital has completed an equity reinvestment in Cetera Financial Group, reaffirming its position as Cetera's majority investor and providing fresh capital to support the company's next phase of growth. The transaction enables Cetera to pursue its Wealth Hub strategy, continue strategic M&A and recruiting, and expand advisor and management ownership programs.