Victory Capital agrees to buy First Eagle Investments for $7 billion - VCTR News | RalliesVictory Capital agrees to buy First Eagle Investments for $7 billion
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VCTR• Victory Capital to acquire First Eagle Investments
- Victory Capital agreed to buy First Eagle Investments for about $7 billion, adding about $222 billion of AUM.
- Combined client assets are expected at about $571 billion, creating a larger publicly traded traditional asset manager.
- Consideration includes about $4.4 billion cash, $2 billion in new Victory Capital equity, and assumption of $575 million senior secured notes.
- The deal is expected to be about 35% accretive to 2027E adjusted EPS, including about $280 million of net expense synergies.
- Closing is targeted by the end of Q1 2027, subject to regulatory approvals, client consents, and shareholder approval for the equity issuance.
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