August 26, 2026
Willkie is advising Victory Capital Holdings, Inc. (NASDAQ: VCTR) on its acquisition of First Eagle Investments, an independent, privately held global asset manager, for approximately $7 billion.
On August 26, Victory Capital announced that it entered into a definitive agreement to acquire 100% of First Eagle from Genstar Capital and First Eagle employees. Upon closing, the combined company is expected to have approximately $571 billion in total client assets, positioning Victory Capital as one of the largest publicly traded traditional asset managers in the U.S.
Victory Capital will acquire First Eagle for total consideration of approximately $7 billion, comprising cash and newly issued Victory Capital equity.
Victory Capital is a diversified global asset management firm with $348.8 billion in total client assets, as of July 31, 2026.
The Willkie team is led by partners David Boston and Danielle Scalzo.
