GC Ferry Holdings, Inc. VCTR

Victory Capital Holdings, Inc. is acquiring GC Ferry Holdings, Inc., whose business First Eagle Investments is an independent investment management firm focusing on active, fundamental and benchmark-agnostic investing with approximately $228.4 billion in assets under management. Holders will receive cash and stock in a $7.03 billion transaction.

The deal is expected to close by the end of the first quarter of 2027. It requires expiration or termination of the required waiting period under the HSR Act, attainment of certain other regulatory approvals and authorizations, absence of certain legal restraints preventing the consummation of the contemplated transactions, and First Eagle client consents relating to the continuation of existing, or approval of new, investment advisory contracts at closing representing at least 75% of the Base Revenue Run-Rate.