First Eagle to buy middle market lender NewStar

First Eagle Investment Management has struck a deal to acquire US middle market lender NewStar. GSO Capital Partners will buy a $2.4bn portfolio of middle market loans as part of the deal, which is expected to generate tax refunds that will form part of the consideration for the acquisition.

  • By David Bell
  • 17 Oct 2017

First Eagle said on Tuesday that it had entered an agreement to acquire NewStar for $11.44 a share, plus a contingent value right that will relate to tax refunds NewStar expects to receive as a result of losses generated by the portfolio sale to GSO Capital Partners.

NewStar ...

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