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Market Chatter: Genstar in Talks to Buy Controlling Stake in First Eagle
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Market Chatter: Genstar in Talks to Buy Controlling Stake in First Eagle
Feb 24, 2025 11:56 AM

02:43 PM EST, 02/24/2025 (MT Newswires) -- Genstar Capital, a private equity firm, is in talks to buy a controlling stake in First Eagle Investment Management, currently majority-owned by Blackstone (BX) and Corsair Capital, Bloomberg reported Monday, citing people with knowledge of the matter.

Any transaction that may materialize would value First Eagle at more than $4 billion.

Genstar and First Eagle did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 158.81, Change: +0.43, Percent Change: +0.27

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