Crestview Partners to Acquire Victory Capital from KeyCorp

February 25, 2013

On February 21, 2013, Crestview Partners announced it had partnered with members of the current management team of Victory Capital Management to acquire Victory from KeyCorp for $246 million.   

On February 21, 2013, Crestview Partners announced it had partnered with members of the current management team of Victory Capital Management to acquire Victory from KeyCorp for $246 million.  Following the transaction, Victory will be an independent firm, and senior management and other employees will own a significant equity stake.  Victory Capital Management is an investment advisory firm serving institutional and individual clients, with approximately $22.1 billion in assets under management.  Crestview Partners is a private equity firm focused on investments in the financial services, media, energy and healthcare sectors with approximately $4 billion of capital under management.  The transaction is expected to close in third quarter 2013. 

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Categories

Investment Manager M&A, Mutual Fund M&A, Transactions