Victory Capital Announces Pricing of Secondary Offering

November 22, 2021

Willkie represented Victory Capital in the transaction.

On November 17, global asset management firm Victory Capital Holdings, Inc. announced the pricing of a secondary offering of 4 million shares of its Class A common stock. The shares were sold by funds managed by Crestview Advisors and Reverence Capital Partners at a price of $34 a share. In conjunction with the offering, the selling stockholders also granted the underwriters an option to purchase up to 600,000 additional shares of Class A common stock, which was subsequently exercised.

Willkie previously advised Victory Capital in its 2018 initial public offering, as well as its acquisitions of USAA Asset Management and WestEnd Advisors.

Victory Capital is a diversified global asset management firm with more than $160 billion in assets under management.

The Willkie team was led by partners David Boston and Danielle Scalzo and associate Andrew Marmer, and included associate Matthew Naifeh and law clerk Ryan Chambers.