-
-
The deal’s consideration consisted of a cash payment of $119mn and the 13.5% equity interest that Enstar held in Northshore, the parent of Lloyd’s underwriter Atrium. -
Sources said the PE heavyweight shelved the stake sale plans earlier this year as multiples in the adjusting segment remain under pressure.
-
Sources said the fronting carrier is expecting to seal a deal in early 2024 as its strategic process pivots from a full sale.
