Victory Capital Holdings has agreed to purchase First Eagle Investments for approximately $7 billion. The acquisition is expected to establish one of the largest publicly traded traditional asset managers in the United States, overseeing an estimated $571 billion in total client assets upon completion.
The transaction brings together two established players in the investment management sector, aiming to leverage combined scale and expertise. Further details regarding the integration and operational synergies are anticipated as the deal progresses through regulatory approvals and customary closing conditions.