The company’s profit climbed 29 percent, to $23.6 billion, beating Wall Street’s expectation of $22.7 billion.

Investment firm Sixth Street will acquire Enstar for $5.1 billion, in a deal backed by former Treasury Secretary Steven Mnuchin and billionaire J Christopher Flowers, the insurer said on Monday.

The company sells ads in its search product using customer data to better target them. Net income in the quarter ended June 30 rose 29% to $23.6 billion, besting the average estimate of $22.9 billion.