Victory Capital to Acquire WestEnd Advisors


November 15, 2021

On November 4, 2021, Victory Capital Holdings, Inc. announced that it will acquire WestEnd Advisors, LLC.

Under the terms of the transaction, Victory Capital Holdings, Inc. (“Victory Capital”) will acquire WestEnd Advisors, LLC (“WestEnd”). Victory will acquire WestEnd for an upfront payment upon closing of $480 million, with defered earnout payments made upon the meeting of certain revenue growth targets. The transaction, subject to customary closing conditions, is expected to close in the fourth quarter of 2021. Further terms of the agreement were not disclosed.

Victory Capital (NASDAQ: VCTR), based in San Antonio, Texas, is an investment management firm providing specialized investment strategies to institutions, individual investors, and retirement platforms. As of September 30, 2021, Victory Capital had $159.9 billion in assets under management. BofA Securities is serving as financial advisor to Victory Capital on the deal.

WestEnd, based in Charlotte, North Carolina, is an investment advisor providing financial advisors with core model allocation strategies. WestEnd has approximately $18 billion in assets.

To read the press release: please click here.

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