Announced
Completed
Financials
Tags
Natural
Completed
commercial finance
financial services
Diversified Financials
United States
Private
Acquisition
Single Bidder
Private Equity
Synopsis
First Eagle Investment has acquired NewStar Financial, an established lender and investment manager specializing in direct lending to middle-market companies and management of broadly syndicated loans. “We are very pleased to add NewStar, a high-quality alternative credit manager that will broaden our investment lineup for both institutional and retail investors. NewStar has a track record of prudent lending that dates back to before the global financial crisis of 2007-2008. Given where we are in the credit cycle, we think thoughtful investors will find NewStar’s approach compelling. We look forward to delivering middle-market direct lending and broadly syndicated loan solutions to investors searching for sources of meaningful and sustainable income.” Mehdi Mahmud, First Eagle Investment president and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.