Victory Capital Announces Planned Acquisition of WestEnd Advisors
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (Victory Capital or the Company) today announced that it has entered into a definitive agreement to acquire 100% of WestEnd Advisors, LLC (WestEnd).
- Victory Capital Holdings, Inc. (NASDAQ: VCTR) (Victory Capital or the Company) today announced that it has entered into a definitive agreement to acquire 100% of WestEnd Advisors, LLC (WestEnd).
- WestEnd will become Victory Capitals 12th Investment Franchise and represents a new dimension of growth and diversification.
- The acquisition of WestEnd Advisors is very strategic and transformational to our business, said David Brown, Chairman and CEO of Victory Capital.
- BofA Securities is serving as financial advisor to Victory Capital and has provided committed financing in connection with the acquisition.