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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): November 24, 1998
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THE ENSTAR GROUP, INC.
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(Exact name of registrant as specified in its charter)
Georgia 0-7477 63-0590560
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State of other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation Identification No.)
172 COMMERCE ST. 3RD FLOOR MONTGOMERY, AL 36104
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(Address of principal executive offices) (Zip Code)
(334) 834-5483
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(Telephone number, including area code, of registrant)
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On November 25, 1998, The Enstar Group, Inc. (the "Company") issued a
press release announcing that it had made an investment in B-Line LLC. A copy
of such press release is attached hereto as Exhibit 99.1 and hereby
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
Reference
Number Description of Exhibits
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99.1 Text of Press Release of The Enstar Group, Inc., dated
November 25, 1998
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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.
THE ENSTAR GROUP, INC.
(Registrant)
Date: December 1, 1998 By: /s/ Cheryl D. Davis
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Cheryl D. Davis
Chief Financial Officer,
Vice President and
Secretary
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INDEX
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<TABLE>
<CAPTION>
EXHIBIT DESCRIPTION
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<S> <C>
99.1 Text of Press Release of The Enstar Group, Inc.
dated November 25, 1998.
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EXHIBIT 99.1
(LETTERHEAD)
Date November 25, 1998 Contact Amy M. Dunaway
For Release Immediately Telephone (334) 834-5483
THE ENSTAR GROUP, INC. ANNOUNCES
INVESTMENT IN B-LINE
Montgomery, Alabama - November 25, 1998. The Enstar Group, Inc.
("Enstar") (ESGR:OTC) today announced that it has made an investment in B-Line
LLC ("B-Line"). B-Line is a privately owned company based in Seattle,
Washington, that provides services to credit card issuers and other holders of
similar receivables.
Enstar has invested $950,000 in membership units of B-Line, representing
approximately 8.77% of the presently outstanding units of B-Line. Enstar has
also purchased a one-year warrant to acquire additional B-Line units, with an
aggregate exercise price of $950,000. Other investors also purchased membership
units and warrants in B-Line. If Enstar and the other investors with
outstanding B-Line warrants and options were to exercise those warrants and
options, Enstar would own approximately 13.89% of B-Line.
* * *
This press release contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements include statements regarding the intent, belief or current
expectations of Enstar and its management team. Prospective investors are
cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors. Important factors currently known to management that
could cause actual results to differ materially from those in forward-looking
statements contained in this press release are set forth in the Safe Harbor
Compliance Statement for Forward-Looking Statements included as Exhibit 99.1 to
Enstar's Quarterly Report on Form 10-Q for the nine-months ended September 30,
1998, and are hereby incorporated herein by reference.
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