NewStar Financial said to be exploring sale -report
Sept 18 (Reuters) - NewStar Financial Inc, a commercial finance company backed by private-equity firms Corsair Capital LLC and Capital Z Partners Management LLC, is exploring a sale, Bloomberg reported, citing people with knowledge of the matter.
Shares of the company closed up 13 percent on the Nasdaq at $17.76 on Wednesday.
Boston-based NewStar Financial, which provides debt financing solutions to middle-market businesses and commercial real estate borrowers, is working with Credit Suisse Group AG to solicit offers, Bloomberg said, citing a source. ()
NewStar Financial and Credit Suisse could not be immediately reached for comments by Reuters.