The Alta Group’s Bruce Kropschot and James Jackson provide an update on M&A activity in the equipment finance industry and an outlook for 2017. They offer strategies for sellers and buyers to move a transaction from a letter of intent to a successful closing.... read more

March/April 2017

NewStar reported 2016 net income of $28.2 million was up from $16.9 million a year earlier aided by $29.2 million in gains on the sale of its asset-based lending and equipment finance businesses. read more

FEB 15, 2017 - 7:39 am

NewStar Financial announced the sale of its equipment finance business and related assets to Boston-based Radius Bank for approximately $140 million in cash. read more

DEC 2, 2016 - 7:07 am

NewStar reported year-to-date net income of $9.25 million was up 22.7% compared to $7.54 million a year earlier. The company noted a $22.5 million gain on the sale of its ABL business earlier in the year. read more

AUG 8, 2016 - 7:16 am

NewStar Financial announced the retirement of Peter Schmidt-Fellner, both in his role as chief investment officer and as a member of the company's board of directors. He will be succeeded by Dan McCready. read more

JUL 15, 2016 - 6:50 am

According to The Market Digest, hedge fund Second Curve Capital acquired additional shares in NewStar Financial. NewStar now represents about 12.7% of Second Curve Capital’s portfolio. read more

MAY 23, 2016 - 6:03 am

NewStar Financial completed a $398 million term debt securitization known as NewStar Commercial Loan Funding 2015-2, marking the company’s 12th securitization since inception and third this year. read more

SEP 22, 2015 - 7:07 am

NewStar Financial has agreed to acquire private alternative asset management firm Feingold O’Keeffe Capital. The acquisition will add $2.3 billion to NewStar’s assets under management. read more

SEP 17, 2015 - 7:30 am

NewStar Financial announced Q2/15 net income of $5.0 million compared to a net loss of $1.9 million in Q2/14. NewStar noted pretax operating income was $8.6 million compared to a loss of $3.1 million in Q2/14. read more

AUG 6, 2015 - 6:33 am

NewStar Financial reported Q1/15 net income of $2.5 million was down from $6.2 million a year earlier. The company noted net interest income after provision charges of $10.4 million was down from $14.8 million in Q1/14. read more

MAY 7, 2015 - 7:25 am

NewStar Financial and Lobo Leasing announced they provided a sale/leaseback transaction involving 9 Bell helicopters and a $12 million equipment loan to RLC. read more

APR 29, 2015 - 7:28 am

NewStar Financial said it hired Paul Horton as managing director of its Leverage Finance group. Horton was previously a managing director at RBS Citizens. read more

APR 6, 2015 - 7:21 am

NewStar Financial reported Q4/14 and full-year net income of $1.2 million and $10.6 million was down from $6.4 million and $24.6 million a year earlier. Earnings were hurt by lower net interest income and higher provision charges. read more

FEB 12, 2015 - 7:14 am

NewStar Financial announced it closed a $400 million credit with NewStar Clarendon Fund, which resulted in a $3.3 billion increase in loan originations for Q4/14. read more

JAN 19, 2015 - 12:39 am

NewStar Financial, GSO Capital Partners and Franklin Square Capital Partners announced they have completed the initial closing of a $200 million initial investment as part of a broader strategic relationship. read more

DEC 5, 2014 - 7:20 am