Amundi and Victory Capital Seal Strategic Partnership
Deal News | Apr 01, 2025 | Globenewswire
Amundi and Victory Capital have finalized their strategic partnership, which was initially announced on July 9, 2024. The partnership involves Amundi US merging with Victory Capital, positioning the latter to manage approximately $300 billion in assets. As part of the deal, Amundi becomes a strategic shareholder in Victory Capital, acquiring 21.2% equity, which is expected to increase to 26.1% subsequently. The collaboration involves a 15-year distribution agreement where Amundi will distribute Victory Capital's US-manufactured products internationally, while Victory Capital will offer Amundi's non-US products within the US. This all-equity transaction is anticipated to contribute significantly to Amundi’s income, enhancing its presence in the US and diversifying its investment offerings. The deal underscores both firms’ commitment to enhancing client access to diversified investment solutions. Amundi's CEO Valérie Baudson highlighted the strategic value in strengthening both companies' market positions globally.
Sectors
- Asset Management
Geography
- United States – Victory Capital is based in the US, and part of the transaction involves Amundi distributing products in the US market.
- Europe – Amundi is leading European asset manager, highlighting the geographical scope of the partnership.
Industry
- Asset Management – The article discusses the strategic partnership between Amundi and Victory Capital, both of which operate within the asset management industry.
Financials
- 17.6 million shares – The number of Victory Capital shares Amundi received, representing 21.2% equity.
- 26.1% – The anticipated future equity holding of Amundi in Victory Capital after post-closing adjustments.
- $300 billion – The assets managed by Victory Capital post-merger with Amundi US.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amundi | Strategic Shareholder | Company | A leading European asset manager involved in the strategic partnership with Victory Capital. |
| Victory Capital | Asset Manager | Company | US-based asset manager that has entered a strategic partnership with Amundi. |
| Crédit Agricole | Parent Company | Company | Parent company of Amundi, one of the key financial institutions in Europe. |