Deals
NewStar Said to Work With Credit Suisse as Lender Mulls Sale
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NewStar Financial Inc., the business lender backed by private-equity firms Corsair Capital LLC and Capital Z Partners Management LLC, is exploring a sale, according to people with knowledge of the matter.
NewStar is working with Credit Suisse Group AG to solicit offers, said one of the people, who asked not to be identified because the process is confidential. Boston-based NewStar rose 13 percent to $17.76 today, its highest since February 2007, giving the company a market value of about $863 million.