Locke Lord Advises NewStar Financial in Sale of Assets and Acquisition

A Locke Lord team led by George Ticknor (Boston) advised NewStar Financial, Inc., a long-standing client that is an established lender and investment manager specializing in direct lending to middle market companies and management of broadly syndicated loans, in two related transactions. The first was a definitive agreement for First Eagle Investment Management to acquire NewStar. The second was a definitive agreement for NewStar to sell portfolio and investment assets including approximately $2.4 billion of middle market loans and other credit investments to a newly formed investment fund sponsored by GSO Capital Partners LLP. The deal closed on Dec. 22, 2017. For more information, please see the press release. Additional Locke Lord team members included Megan Foscaldi, Stan Keller, Heather Stone, John Whitlock and Karl Fryzel (all of Boston), Matt McKenna (Houston), Gene McDermott (Providence) and Derrick Hibbard (West Palm Beach).
Posted October 19, 2017