Victory Capital Acquires WestEnd Advisors
November 4, 2021
Victory Capital Holdings, Inc. entered into a definitive agreement to acquire 100% of WestEnd Advisors, LLC, a Charlotte-based asset manager that provides ETF-based model allocation strategies and separately managed accounts with approximately $18 billion in assets. The deal was announced November 4, 2021 (upfront consideration of $480 million plus deferred earnouts) and the acquisition closed on December 31, 2021.
- Buyers
- Victory Capital Holdings, Inc.
- Targets
- WestEnd Advisors, LLC
- Industry
- Financial Services
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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