M&A Deal Summary

Victory Capital Acquires New Energy Capital

On September 13, 2021, Victory Capital acquired financial services company New Energy Capital

Acquisition Highlights
  • This is Victory Capital’s 4th transaction in the Financial Services sector.
  • This is Victory Capital’s 5th transaction in the United States.
  • This is Victory Capital’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2021-09-13
Target New Energy Capital
Sector Financial Services
Buyer(s) Victory Capital
Deal Type Add-on Acquisition

Target

New Energy Capital

Hanover, New Hampshire, United States
website
New Energy Capital is an alternative asset manager investing across the capital structures of clean energy infrastructure projects and companies. New Energy Capital was founded in 2004 and is based in Hanover, New Hampshire.

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Buyer(S) 1

Buyer

Victory Capital

San Antonio, Texas, United States

website

Category Company
Founded 2013
Sector Financial Services
Employees429
Revenue 855M USD (2022)
DESCRIPTION

Victory Capital is an investment management firm operating a next-generation, integrated multi-boutique business model with $132.5 billion in assets under management as of July 31, 2020. Victory Capital serves both institutional and retail investors. Victory Capital was founded in 2013 and is based in San Antonio, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Financial Services) 4 of 5
Type (Add-on Acquisition) 2 of 3
State (New Hampshire) 1 of 1
Country (United States) 5 of 6
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 United Services Automobile Association

San Antonio, Texas, United States

United Services Automobile Association family of companies provides insurance, banking, investments, retirement products, and advice to more than 12.7 million current and former members of the U.S. military and their families. Known for a legendary commitment to members, USAA consistently is recognized for outstanding service, employee well-being, and financial strength. USAA membership is open to all who are serving our nation in the U.S. military or have received a discharge type of Honorable – and their eligible family members. Founded in 1922, USAA is headquartered in San Antonio, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 WestEnd Advisors

Charlotte, North Carolina, United States

WestEnd Advisors is an independent institutional asset management firm. WestEnd Advisors provides financial advisors with turnkey, core model allocation strategies serving as holistic solutions and complementary sources of alpha. WestEnd Advisors was founded in 2004 and is based in Charlotte, North Carolina.

Buy $480M
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