Blackstone, Corsair to buy First Eagle

The Blackstone Group and Corsair Capital, along with unnamed clients of the firms, have agreed to buy a majority of First Eagle Investment Management. The deal values the company at about $4 billion, including debt, Reuters News said. The family of John Arnhold, First Eagle’s chairman and CIO, are the sellers, along with TA Associates which has sold its entire minority stake. First Eagle manages about $100 billion in assets on behalf of institutional and individual clients.


TA Associates’ Nintex buys Drawloop

Nintex, a portfolio company of TA Associates, has acquired Drawloop Technologies Inc. No financial terms were disclosed. Based in Irvine, California, Drawloop helps businesses and people automate document creation.

Natixis Global closes DNCA Finance buy

Natixis Global Asset Management said Wednesday it had completed its buy of DNCA Finance. Financial terms weren’t announced. DNCA, a French investment management company. In November, PE HUB reported that TA Associates and Banco Leonardo were selling their stakes in DNCA.


TA, Argan to invest $500 mln in Atria Convergence

TA Associates and Argan have agreed to invest $500 million in Atria Convergence Technologies Pvt. Ltd. Atria shareholders, including The India Value Fund III, will sell a portion of their holdings. Bangalore, India-based Atria provides high-speed broadband services in India. Argan is controlled by Indium V.


TA closes NorthStar buy

TA Associates has completed its buy of a majority stake in NorthStar Financial Services Group LLC. The deal closed April 30. Financial terms weren’t announced. Omaha-based NorthStar provides support services to registered investment advisors (RIAs), independent broker dealers (IBDs) and investment management firms.


Cai joins TA Associates

TA Associates said late Tuesday that Daisy Cai has joined the Hong Kong office of TA Associates Asia Pacific Ltd. as Director, China. Cai joined TA Associates from Goldman Sachs Investment Partners in Hong Kong.


TA Associates invests in YeePay

TA Associates has invested in YeePay. Financial terms weren’t announced. Beijing-based YeePay is a payment processor. The company processed $77 billion of transactions in 2014.


Natixis in talks to buy a stake in DNCA

Natixis is in talks to acquire a stake in European investment management firm DNCA. The sellers are TA Associates, Banca Leonardo and DNCA management. No financial terms were disclosed. As a result of the transaction, DNCA’s management will retain a stake in Natixis.


TA Associates to acquire NorthStar

TA Associates has agreed to buy a majority stake in NorthStar Financial Services Group and its nine subsidiary wealth management industry service providers. No financial terms were disclosed. In addition to the investment, M. Roy Burns and Todd R. Crockett, both of whom serve as managing directors at TA Associates, have been appointed to NorthStar’s board of directors. Raymond James & Associates is acting as financial advisor to NorthStar on the transaction.

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