The Financial Industry team advised First Eagle Investment Management on its definitive agreement to acquire NewStar Financial, a finance company specializing in lending to middle-market companies, for $11.44 per share plus a tax-related contingent value right. The transaction is contingent on the sale by NewStar Financial of a $2.4 billion portfolio of loans and other credit investments to a fund sponsored by GSO Capital Partners.
First Eagle Investment Management is an independent, privately owned investment management firm headquartered in New York with approximately $116 billion in assets under management.
The Goodwin team was led by partners Thomas LaFond and Lisa Haddad and included partners Jacqueline Mercier, Janet Andolina and Anna Dodson; counsel Eric Roth; and associates Aselle Kurmanova, Eric Hinz and Remy Lotero.
For additional details on the acquisition, please read the press release.