Current Report Filing (8-k)
July 07 2015 - 4:16PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 30, 2015
Enstar Group Limited
(Exact name of registrant as specified in its charter)
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Bermuda |
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001-33289 |
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N/A |
(State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
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P.O. Box HM 2267, Windsor Place, 3rd Floor
22 Queen Street, Hamilton HM JX Bermuda |
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N/A |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (441) 292-3645
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On June 30, 2015, Enstar Group Limited (Enstar) and its
wholly-owned subsidiary Kenmare Holdings Ltd. (Kenmare) entered into a Sale and Purchase Agreement with J.C. Flowers II L.P., J.C. Flowers II-A L.P., J.C. Flowers II-B, L.P. and Financial Service Opportunities L.P. (collectively, the
JCF II Funds) pursuant to which Enstar and Kenmare, respectively, will purchase all of the non-voting preference shares of Cumberland Holdings Ltd. (Cumberland) and Courtenay Holdings Ltd. (Courtenay) owned by the
JCF II Funds for an aggregate price of $140.0 million.
Enstar and Kenmare, respectively, own 100% of the voting shares of Cumberland and
Courtenay. The non-voting preference shares held by the JCF II Funds provided the JCF II Funds with a noncontrolling minority economic interest in Cumberland and Courtenay. As a result of these transactions, Enstar and Kenmare, respectively, will
own 100% of the voting and economic interests of both companies. The purchase and sale transaction is scheduled to close on October 1, 2015 and the closing is not subject to any material conditions.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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ENSTAR GROUP LIMITED |
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Date: July 7, 2015 |
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By: |
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/s/ Richard J. Harris |
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Richard J. Harris |
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Chief Financial Officer |
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