M&A Deal Summary

First Eagle Investment Management Acquires NewStar Financial

On October 17, 2017, First Eagle Investment Management acquired financial services company NewStar Financial

Acquisition Highlights
  • This is First Eagle Investment Management’s 1st transaction in the Financial Services sector.
  • This is First Eagle Investment Management’s 1st transaction in the United States.
  • This is First Eagle Investment Management’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-10-17
Target NewStar Financial
Sector Financial Services
Buyer(s) First Eagle Investment Management
Deal Type Add-on Acquisition
Advisor(s) Credit Suisse Investment Banking
Houlihan Lokey (Financial)
Simpson Thacher & Bartlett
Locke Lord (Legal)

Target

NewStar Financial

Boston, Massachusetts, United States
NewStar Financial, Inc. is an internally-managed, commercial finance company with $7.3 billion of assets managed across two complementary business lines — middle market direct lending and asset management. The Company's direct lending activities are focused on meeting the complex financing needs of companies and private investors in the middle markets through specialized lending groups that offer a range of flexible debt financing options. Credit investments are originated directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments. Through its asset management platforms, NewStar offers a range of investment products employing credit-oriented strategies focused on middle market loans and liquid, tradeable credit.

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Buyer(S) 1

Buyer

First Eagle Investment Management

New York, New York, United States
Category Company
Founded 1864
Sector Financial Services
Employees582
DESCRIPTION

First Eagle Investment Management is an asset management firm which manages assets on behalf of institutional and individual clients. With the core purpose of providing prudent stewardship of its clients’ assets, the Firm is focused on fundamental, flexible and benchmark-agnostic investing, including strategies which seek to provide clients with downside protection. First Eagle Investment Management was founded in 1864 and is based in New York City.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Napier Park Global Capital

New York, New York, United States

Napier Park Global Capital is an alternative credit manager with approximately $19.5 billion in assets under management across credit funds, CLOs and real assets predominantly within the US and European markets. Napier Park differentiates itself through its decades of specialized credit expertise, world-class infrastructure and creativity, providing effective solutions to a broad range of institutional clients. Napier Park has offices in New York, London and Zurich.

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Legal