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First Eagle Investments Completes Acquisition of Diamond Hill Investment Group
First Eagle Investments completed the previously announced acquisition of Diamond Hill Investment Group The acquisition was first announced on December 11, 2025, and approved by Diamond Hill shareholders on March 3. An independent, privately owned, fundamentally driven investment management firm, First Eagle's investment capabilities span equity, fixed income, alternative credit and multi-asset categories. The acquisition of Diamond Hill markedly increases its footprint in traditional fixed income, which has been an area of significant growth for Diamond Hill in recent years. In addition, Diamond Hill's US-focused multi-cap equity platform represents a strong complement to First Eagle's existing Global Value and Small Cap franchises. Pro forma for the transaction, First Eagle's total assets under management and assets under advisement were approximately $213B as of March 31. As a First Eagle Investments company, Diamond Hill will maintain its location in Columbus, Ohio, and there will be no changes to its investment philosophy or process. Heather Brilliant, who had been CEO, will continue to lead Diamond Hill while also assuming the newly created role of COO of First Eagle. In this capacity, Brilliant will work closely with Mahmud to advance the firm's organic and inorganic growth initiatives, and oversee its public markets operations and technology platform, its business optimization and integration efforts, and human resources. As previously announced, under the terms of the merger agreement, Diamond Hill shareholders are entitled to receive $175.00 per share in cash. With the completion of the transaction, Diamond Hill's common shares have ceased trading and will no longer be listed on the Nasdaq exchange.
Diamond Hill Investment Group Secures Shareholder Approval for Acquisition
Diamond Hill Investment Group announced that the company has obtained all requisite shareholder approvals in connection with the proposed acquisition by First Eagle Investment Management, LLC. The company will disclose the final, certified voting results on a Form 8-K with the U.S. Securities and Exchange Commission. As previously announced, the proposed transaction is expected to close in the second quarter of 2026, subject to the satisfaction of remaining conditions to the closing of the Merger under the Merger Agreement, including the receipt of the requisite client consents based on revenue run-rate. Upon completion of the transaction, the Company will become a wholly-owned subsidiary of First Eagle and its common shares will no longer be traded on the Nasdaq.
Diamond Hill Reports Q4 Revenue of $36.55M
Reports Q4 revenue $36.55M vs. $39.12M. "This partnership is a testament to the strength and resilience of our business and delivers immediate value to our shareholders," said Heather Brilliant, CEO. "Joining First Eagle, whose 160-year history reflects a deep commitment to client outcomes, is expected to position Diamond Hill for continued success over the long term. We are incredibly proud of what our team has accomplished and look forward to building an even stronger future as part of First Eagle."
First Eagle to Acquire Diamond Hill for $175 per Share
Diamond Hill Investment Group, Inc. and First Eagle Investments announced that they have entered into a definitive agreement under which First Eagle will acquire all outstanding shares of Diamond Hill for $175 per share in an all-cash transaction valuing the company at approximately $473M. The purchase price represents a 49% premium over Diamond Hill's closing share price of $117.48 on December 10 and a 44% premium over the company's 30-day volume-weighted average price. Following the close of the transaction, Diamond Hill will maintain its headquarters in Columbus and operate under its existing brand, with no changes to its investment philosophy or process. The transaction, which was unanimously approved by the board of directors of Diamond Hill, 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. The transaction has no financing contingencies. As part of the agreement, Diamond Hill will not pay quarterly dividends through closing. Upon completion of the transaction, Diamond Hill shares will no longer trade on Nasdaq. The definitive agreement includes a "go-shop" period. Under the terms of the merger agreement, Diamond Hill may, subject to certain terms and conditions, solicit alternative proposals to acquire Diamond Hill from third parties for a period of 35 days continuing through January 14, 2026.
Diamond Hill Investment Group Inc reports Q2 EPS $2.86 vs. $2.88 last year
"Steep market volatility at the start of the quarter created opportunities for investors with a long-term discipline like ours," said Heather Brilliant, CEO. "We remain focused on building lasting value through consistent execution, disciplined capital allocation, and continued investment in areas of competitive strength. As part of this commitment, we are excited to launch our new fixed income strategy, the Diamond Hill Securitized Total Return Fund, which launched on July 1, 2025."
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