February 5, 2018 / 2:15 PM / 9 months ago

BRIEF-Enstar To Acquire Full Ownership Of Kaylare

Feb 5 (Reuters) - Enstar Group Ltd:

* ENSTAR TO ACQUIRE FULL OWNERSHIP OF KAYLARE

* ENSTAR GROUP LTD - SIGNED AN AGREEMENT TO ACQUIRE A FURTHER 52% STAKE IN KAYLARE HOLDINGS LTD, PARENT COMPANY OF KAYLARE LTD

* ENSTAR GROUP LTD - ADDED TO ITS EXISTING 48% EQUITY HOLDING, ACQUISITION WILL GIVE ENSTAR FULL OWNERSHIP OF KAYLARE

* ENSTAR - IN DEAL, VALUED AT ABOUT $400 MILLION, HILLHOUSE & STONE POINT WILL EXCHANGE THEIR RESPECTIVE 44% & 8% SHAREHOLDINGS IN KAYLARE FOR ENSTAR SHARES

* ENSTAR GROUP LTD - HILLHOUSE WILL INCREASE ITS OVERALL ECONOMIC INTEREST IN ENSTAR FROM 9.9% TO 17.1% AND ITS VOTING INTEREST FROM 3.3% TO 9.7%

* ENSTAR GROUP LTD - STONE POINT WILL INCREASE ITS ECONOMIC INTEREST FROM 6.9% TO 7.6% AND ITS VOTING INTEREST FROM 8.2% TO 9.1% IN CO Source text for Eikon: Further company coverage:

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