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Victory Capital Closes Acquisition Of New Energy Capital Partners

Nov 01, 2021•almost 4 years ago

Acquiring Company

Victory Capital

Acquired Company

Victory Capital

Lending And InvestmentsFinancial ServicesLending And InvestmentsFinancial Services

Description

Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that its wholly owned operating subsidiary Victory Capital Management Inc. has closed on its previously announced acquisition of New Energy Capital Partners (“NEC”). The transaction is immediately accretive to Victory Capital’s earnings.

Company Information

Company

Victory Capital

About

Victory Capital is a diversified global asset management firm with $159.9 billion in assets under management as of September 30, 2021. The Company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform. Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 11 autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment styles and investment vehicles including, actively managed mutual funds, separately managed accounts, active ETFs, multi-asset class strategies, custom-designed solutions, private funds, and a 529 Education Savings Plan. For more information, please visit www.vcm.com or follow us: Twitter and LinkedIn.

M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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