Victory Capital agrees to buy First Eagle Investments for $7 billion

• Victory Capital agreed to buy First Eagle Investments for about USD 7 billion, adding about USD 222 billion of AUM.
• Combined client assets expected at about USD 571 billion, creating a larger publicly traded traditional asset manager.
• Consideration includes about USD 4.4 billion cash, USD 2 billion in new Victory Capital equity, assumption of USD 575 million senior secured notes.
• Deal expected to be about 35% accretive to 2027E adjusted EPS, including about USD 280 million of net expense synergies.
• Closing targeted by end of Q1 2027, subject to regulatory approvals, client consents, shareholder approval for the equity issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Victory Capital Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260826583097) on August 26, 2026, and is solely responsible for the information contained therein.