Blackstone, Corsair to buy First Eagle
The Blackstone Group and Corsair Capital, along with unnamed clients of the firms, have agreed to buy a majority of First Eagle Investment Management. The deal values the company at about $4 billion, including debt, Reuters News said. The family of John Arnhold, First Eagle's chairman and CIO, are the sellers, along with TA Associates which has sold its entire minority stake. First Eagle manages about $100 billion in assets on behalf of institutional and individual clients.
20 July 2015•5 mins read
