First Eagle to buy middle market lender NewStar

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First Eagle to buy middle market lender NewStar

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gustavofrazao - stock.adobe.com

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.

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