Enstar holdings (us), inc. acquired borgwarner morse tec, llc from borgwarner, inc. (nyse:bwa).

Enstar holdings (us), inc. entered into a membership interest purchase agreement to acquire borgwarner morse tec, llc from borgwarner, inc. (nyse:bwa) on october 30, 2019. robert c. juelke of hogan lovells us llp acted as legal advisor to enstar. ravi purushotham, kathrine mclendon, adeeb fadil, andrew blau, william russell, marcela robledo, bill russell, rob holo and michael torkin of simpson thacher & bartlett llp acted as legal advisor to borgwarner, inc. enstar holdings (us), inc. completed the acquisition of borgwarner morse tec, llc from borgwarner, inc. (nyse:bwa) on october 30, 2019. in connection with the closing, borgwarner contributed approximately $172 million in cash to morse tec. enstar’s team of experts will assume the operational management team of morse tec. this includes the management of all of morse tec’s asbestos claims and collection of existing insurance policies. following the transaction, borgwarner morse tec llc will change to another name that does not include “borgwarner” but does include either “morse” or “morse tec”.
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