November 5, 2021
Willkie represented Victory Capital in the transaction.
On November 4, asset management firm Victory Capital Holdings, Inc. (NASDAQ: VCTR) announced that it has entered into a definitive agreement to acquire WestEnd Advisors, LLC for $480 million.
Victory Capital will acquire WestEnd for an upfront payment upon closing of $480 million plus deferred earnout payments over a number of years.
WestEnd will become Victory Capital’s 12th investment franchise. Founded in 2004, and headquartered in Charlotte, North Carolina, WestEnd provides financial advisors with turnkey, core model allocation strategies serving as holistic solutions and complementary sources of alpha. With approximately $18 billion in assets, the firm offers four primary ETF strategies and one large cap core strategy, all in tax efficient Separately Managed Account (SMA) structures.
Victory Capital is a diversified global asset management firm with $159.9 billion in assets under management as of September 30, 2021. Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors.
The Willkie team was led by partners David Boston and Danielle Scalzo, and included partners Geri Anne McEvoy, Justin Browder and Daniel Durschlag, and associate Brittany Perskin.
