Add-on Acquisition • Financial Services

NewStar Financial Acquires Core Business Credit

On November 2, 2010, NewStar Financial acquired financial services company Core Business Credit for 25M USD

Acquisition Context
  • This is NewStar Financial’s 1st transaction in the Financial Services sector.
  • This is NewStar Financial’s largest (disclosed) transaction.
  • This is NewStar Financial’s 7th transaction in the United States.
  • This is NewStar Financial’s 1st transaction in Texas.

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M&A Deal Summary

Date November 2, 2010
Target Core Business Credit
Sector Financial Services
Buyer(s) NewStar Financial
Deal Type Add-on Acquisition
Deal Value 25M USD

Target Company

Core Business Credit

Dallas, Texas, United States
CORE Business Credit LLC (“CORE”), is a provider of asset-based lending business in US.
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Buyer Overview 1

Buyer

NewStar Financial

Boston, Massachusetts, United States

Category Company
Founded 2004
Sector Financial Services
Employees122
Revenue 220M USD (2015)
DESCRIPTION

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.


Deal Context for Buyer #
Overall 7 of 8
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 7 of 8
Year: 2010 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-30 Katena

Parsippany, New Jersey, United States

Katena is a provider of precision ophthalmic instruments and therapeutics to physician offices, hospitals, and surgical centers. Katena’s product offering includes precision surgical instruments, single-use devices, and specialty biologics that are sold into over 100 countries through a network of direct salespeople and distributors. Katena was founded in 1975 and is based in Parsippany, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 HCPro

Middleton, Massachusetts, United States

HCPro is a provider of integrated information, education and training in the vital areas of healthcare regulation and compliance. HCPro was founded in 1986 and is based in Middleton, Massachusetts.

Sell -