Genstar Is in Talks to Buy First Eagle for Over $4 Billion

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.

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.