Latest news with #MehdiMahmud
Bloomberg
20-05-2025
- Business
- Bloomberg
First Eagle Plans Acquisition Spree in Quest for $500 Billion
Genstar Capital -backed First Eagle Investments is planning an acquisition spree as the investment manager looks to grow its assets to $500 billion in the next five years. The New York-based firm aims to acquire as many as four other firms or teams a year for the next five years to expand into new asset classes, Chief Executive Officer Mehdi Mahmud said in an interview. Those will include emerging markets, secondaries and real estate.
Yahoo
24-02-2025
- Business
- Yahoo
Genstar Is in Talks to Buy First Eagle for Over $4 Billion
(Bloomberg) -- Private equity firm Genstar Capital is in talks to acquire a controlling stake in First Eagle Investment Management, which is majority-owned by Blackstone Inc. and Corsair Capital, according to people with knowledge of the matter. Trump Targets $128 Billion California High-Speed Rail Project Trump Asserts Power Over NYC, Proclaims 'Long Live the King' Trump to Halt NY Congestion Pricing by Terminating Approval Airbnb Billionaire Offers Pre-Fab Homes for LA Fire Victims NYC's Congestion Pricing Pulls In $48.6 Million in First Month Any transaction is set to value First Eagle at more than $4 billion, said some of the people, who asked not to be identified discussing confidential talks. No deal has been finalized and it's possible the talks could fall apart. Blackstone and Corsair acquired a majority stake in First Eagle in 2015 and have been working with an adviser on a sale process, the Financial Times reported earlier this month. Representative for First Eagle, Genstar, Blackstone and Corsair declined to comment. Genstar Capital focuses on dealmaking in the financial services, health care, industrials and software sectors. In 2023, it closed on $12.6 billion for its 11th fund. New York-based First Eagle, run by Chief Executive Officer Mehdi Mahmud, managed approximately $149 billion in assets as of Sept. 30, 2024. The firm has acquired other platforms including THL Credit Advisors and Napier Park Global Capital. Last year, First Eagle named Michael Constantino as its chief financial officer, reporting to Mahmud. Walmart Wants to Be Something for Everyone in a Divided America Why Private Equity Is Eyeing Your Nest Egg Meet Seven of America's Top Personal Finance Influencers Can Dr. Phil's Streaming Makeover Find an Audience in the MAGA Era? How Med Spas Conquered America ©2025 Bloomberg L.P. Sign in to access your portfolio
