First Eagle to buy NewStar Financial

First Eagle Investment has agreed to acquire NewStar Financial Inc, a middle market lender and investment manager. According to terms of the deal, First Eagle will pay $11.44 per share in upfront cash. And, in a related transaction, NewStar has agreed to sell a portfolio of investment assets to a new fund sponsored by GSO Capital Partners LP, Blackstone's credit investment platform. Credit Suisse Securities (USA) LLC and Houlihan Lokey Capital Inc provided financial advice to NewStar while Wells Fargo Securities LLC served as First Eagle’s and GSO’s financial adviser.

DealsNorth AmericaUSBriefs