Victory Capital Holdings, Inc. entered into a Merger Agreement to acquire First Eagle Holdings, Inc. in a transaction valued based on Base Revenue Run-Rate with customary adjustments for indebtedness and client consents. Consideration includes cash, newly issued common stock representing 4.9% of post-closing shares, and Series B Non-Voting Convertible Preferred Stock. The company also secured commitment letters for $3.5 billion in incremental term loans, a $200 million revolving facility, and up to $950 million in bridge financing. Closing is subject to HSR clearance, regulatory approvals, and client consent thresholds representing at least 75% of Base Revenue Run-Rate. Victory Capital Holdings operates in the asset management industry.

Victory Capital Holdings, Inc. entered into a definitive agreement to acquire 100% of First Eagle Investments from Genstar Capital and employees for approximately $7.0 billion in cash and stock consideration. The transaction includes the assumption of $575 million in First Eagle's existing senior secured notes. Upon closing, the combined entity is expected to manage approximately $571 billion in assets under management, positioning Victory as one of the largest publicly traded traditional asset managers in the U.S. The deal is anticipated to be 35% accretive to 2027 adjusted earnings per share and includes roughly $280 million in net expense synergies. Closing is expected by the end of Q1 2027, subject to customary conditions including regulatory approvals and shareholder consent for equity issuance. Victory Capital Holdings operates as a diversified global asset management firm.

Dominique Carrel-Billiard resigned from the Board of Directors effective July 23, 2026, due to his departure from Amundi. Concurrently, Nicolas Calcoen, the Deputy Chief Executive Officer of Amundi, was appointed as a Class III director with a term expiring at the 2027 Annual Meeting of Stockholders. Victory Capital is a diversified global asset management firm providing specialized investment strategies across traditional and alternative asset classes.