NewStar Financial Related Content

Active M&A Cycle Continues: Strategies to Improve the Chances of Completing a Transaction

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

NewStar FY/16 Earnings Up on Sale of ABL, Equipment Finance Assets

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

NewStar Sells Equipment Finance Business to Radius Bank

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

Gain on ABL Sale Boosts NewStar YTD Earnings

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

NewStar CIO Schmidt-Fellner Retires; Succeeded By McCready

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

Second Curve Capital Increases Investment in NewStar Financial

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

NewStar Completes Third Loan Securitization of 2015

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

NewStar to Acquire FOC Partners, Adds $2.3B in Assets

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

NewStar Financial Swings to $5MM Profit in Q2

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

NewStar Q1 Earnings Down on Lower Net Interest Income

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

NewStar, Lobo Fund $12MM Equipment Loan, Sale/Leaseback

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

NewStar Hires Veteran Banker Paul Horton

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

NewStar Q4/FY Earnings Hurt by Higher Provision Charges

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

NewStar Closes $400MM Fund, Reports $3.3B Loan Origination Increase

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

NewStar Closes Relationship with GSO Capital, Franklin Square

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

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