Victory to Form Strategic Partnership with Amundi


On April 16, 2024, Victory Capital announced that it will form a strategic partnership with Amundi SA. 

Victory Capital (“Victory”) (Nasdaq: VCTR) has announced that it will form a strategic partnership with Amundi SA (“Amundi”) (Euronext: AMUN). Amundi US will be combined with Victory in exchange for a 26.1% economic stake (4.9% voting) for Amundi in Victory. Two representatives of Amundi will join the Victory Board of Directors upon the transaction’s close. Both Victory and Amundi will simultaneously enter into 15-year reciprocal distribution agreements where Victory will become the distributor of Amundi's non-US manufactured products in the US and Amundi will be the distributor of Victory's investment offerings outside of the US. Further terms of the transaction were not disclosed. 

Victory, based in San Antonio, Texas, is a global investment management firm that offers investment approaches and solutions, including mutual funds, ETFs, retirement, 529 Education Savings Plans, institutional strategies, and separately managed accounts. As of March 2024, Victory had $175.5 billion in assets under management. BofA Securities acted as financial advisor to Victory.

Amundi, based in Paris, is an investment management services company offering savings, financial instruments, equity trading, credit activities, and investment solutions. As of March 2024, Amundi had $2.3 trillion in assets under management. Ardea Partners serves as sole financial advisor to Amundi.

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