Victory Capital to buy First Eagle Investments for $7 billion
Reuters2026/08/26 10:44- Victory Capital agreed to buy First Eagle Investment Management LLC in a deal valued at about $7 billion.
- Combined client assets are expected to total about $571 billion, with First Eagle bringing about $222 billion of AUM.
- Consideration includes about $4.4 billion in cash, $2 billion in newly issued Victory Capital equity, and assumed $575 million 7.25% senior secured notes due 2032.
- First Eagle is set to keep its brand and investment autonomy on Victory Capital’s platform; its $41 billion CLO and alternative credit business becomes the alternatives platform.
- Closing is expected by end of Q1 2027; the deal is forecast to be about 35% accretive to 2027E adjusted EPS.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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