The Firm is representing Broadhaven Capital Partners, LLC as financial advisor to Diamond Hill Investment Group, Inc. (“Diamond Hill”) in connection with its proposed acquisition by First Eagle Investments (“First Eagle”). Under the terms of the transaction, First Eagle will acquire all outstanding shares of Diamond Hill for $175 per share in an all-cash transaction valuing Diamond Hill at approximately $473 million. The transaction is expected to close by the third quarter of 2026, subject to the satisfaction of customary closing conditions, including approval by Diamond Hill’s common shareholders, mutual fund shareholder-related approvals, and regulatory approvals.
Diamond Hill is a boutique investment management firm with a long-term, valuation-disciplined approach across multiple asset classes. As of September 30, 2025, Diamond Hill's assets under management and assets under advisement totaled $32.4 billion.
First Eagle is an independent, privately owned, fundamentally driven investment management with approximately $176 billion in assets under management as of September 30, 2025.
The Simpson Thacher team includes Eric Swedenburg, Matt Nemeroff, Wang Chen, Luca Tomasi and Sebastian Edin (M&A).