M&A
confidence high
sentiment neutral
materiality 0.90
Victory Capital to acquire Amundi US for 26.1% fully-diluted stock consideration
Victory Capital Holdings, Inc.
- Victory Capital will issue shares of common and convertible preferred stock equal to 26.1% of fully-diluted shares to Amundi for Amundi US.
- Closing conditions include shareholder approval, HSR clearance, other regulatory authorizations, and no material adverse effect.
- Amundi receives two board seats initially; ownership restrictions apply through 7 years post-close, then may increase up to 24.9% voting.
- Post-closing, Victory and Amundi enter 15-year exclusive distribution agreements for active asset management products globally.
- Voting agreements secured with Crestview and Employee Shareholders Committee to support share issuance and charter amendments.