Victory Capital to acquire First Eagle in $7bn deal
Acquisition comes after Texas-based investment house lost out on race to buy Janus Henderson earlier this year
Acquisition comes after Texas-based investment house lost out on race to buy Janus Henderson earlier this year
BELLINGS Intelligence Score: 31
Why it matters
The $7bn acquisition of First Eagle by Victory Capital is a notable market event reflecting consolidation in asset management, but it does not directly affect credit markets or systemic stability.
Sources
Financial Times
Victory Capital to acquire First Eagle in $7bn deal
Acquisition comes after Texas-based investment house lost out on race to buy Janus Henderson earlier this year