Stone Point, J.C. Flowers to Acquire 7.2% Stake in Enstar Group (ESGR)

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Stone Point Capital LLC and J.C. Flowers & Co. LLC announced today that Trident V, a private equity fund managed by Stone Point Capital, has entered into an agreement to acquire 1.2 million shares of Enstar Group Limited (Nasdaq: ESGR) from J. Christopher Flowers and private investment funds advised by J.C. Flowers & Co. These shares represent an economic ownership interest of approximately 7.2% in Enstar. The transaction will be completed in two tranches, with the first tranche of 678,750 shares scheduled to close on May 14, 2012 and the second tranche of 521,250 shares set to close promptly following the purchaser's receipt of certain regulatory approvals.

Enstar is a leading global organization that acquires and manages insurance and reinsurance companies in run-off and provides management, consulting and other services to the insurance and reinsurance industry.

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