July 10, 2024
Willkie advised Victory Capital Holdings, Inc. (NASDAQ: VCTR) in its strategic partnership with Amundi that combines Amundi US (formerly Pioneer Investments) into Victory Capital, establishes Amundi as a strategic shareholder of Victory Capital, and puts in place long-term global distribution agreements.
On July 9, Victory Capital announced that it executed definitive agreements with Amundi for the strategic partnership. Under the proposed transaction, Amundi will contribute Amundi US into Victory Capital in exchange for a 26.1% economic stake in Victory Capital. In addition, Amundi and Victory Capital entered into reciprocal 15-year distribution agreements, effective as of the closing. Under the distribution agreements, Victory Capital will exclusively supply US active asset management products for Amundi’s distribution outside of the US, and Victory Capital will become the exclusive distributor of Amundi’s non-US products in the US.
Amundi, a publicly listed subsidiary of the Crédit Agricole group, is the leading European asset manager with more than €2 trillion of assets under management.
Victory Capital is a diversified global asset management firm with total assets under management of $168.5 billion, and $173.4 billion in total client assets, as of May 31, 2024.
The Willkie team was led by partners David Boston and Danielle Scalzo and included partners Tej Prakash, Justin Browder and Brian Baltz and associate Robert Quinn.
On July 9, Victory Capital announced that it executed definitive agreements with Amundi for the strategic partnership. Under the proposed transaction, Amundi will contribute Amundi US into Victory Capital in exchange for a 26.1% economic stake in Victory Capital. In addition, Amundi and Victory Capital entered into reciprocal 15-year distribution agreements, effective as of the closing. Under the distribution agreements, Victory Capital will exclusively supply US active asset management products for Amundi’s distribution outside of the US, and Victory Capital will become the exclusive distributor of Amundi’s non-US products in the US.
Amundi, a publicly listed subsidiary of the Crédit Agricole group, is the leading European asset manager with more than €2 trillion of assets under management.
Victory Capital is a diversified global asset management firm with total assets under management of $168.5 billion, and $173.4 billion in total client assets, as of May 31, 2024.
The Willkie team was led by partners David Boston and Danielle Scalzo and included partners Tej Prakash, Justin Browder and Brian Baltz and associate Robert Quinn.
