Victory Capital - M&A Summary and Business Overview

Financial ServicesCompany

Victory Capital M&A Summary

Victory Capital has acquired 7 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Victory Capital’s largest acquisition to date was in 2021, when it acquired WestEnd Advisors for $480M. Victory Capital has acquired in 6 different US states. The Company’s most targeted sectors include financial services (84%) and insurance (17%).

Victory Capital Business Overview

Where is Victory Capital headquartered?

Victory Capital is headquartered in San Antonio, Texas.

What is Victory Capital’s revenue?

Victory Capital disclosed revenue of 821M USD for 2023 and 855M USD for 2022.

How many employees does Victory Capital have?

Victory Capital has 481 employees.

What sector is Victory Capital in?

Victory Capital is a financial services company.

When was Victory Capital founded?

Victory Capital was founded in 2013.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 4

Victory Capital

Victory Capital Holdings, Inc.

15935 La Cantera Parkway,
San Antonio, Texas 78256
United States,
(216) 898-2400
www.vcm.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 4 - 2 - - - 6
vol $480M $480M
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
WestEnd Advisors LLC 2021-11-04 480M USD Add-on Acquisition
Charlotte, North Carolina · www.westendadvisors.com
New Energy Capital Partners 2021-09-13 - Add-on Acquisition
Hanover, New Hampshire · www.newenergycapital.com
United Services Automobile Association 2018-11-06 - Add-on Acquisition
San Antonio, Texas · www.usaa.com
Harvest Volatility Management LLC 2018-09-24 - Divestiture
New York, New York · www.hvm.com
RS Investment Management Co. LLC 2015-12-18 - Divestiture
San Francisco, California · www.rsinvestments.com
Munder Capital Management 2014-04-17 - Secondary Buyout
Birmingham, Michigan · www.munder.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
United Services Automobile Association 2018-11-06 Noblr, Inc. 2021-06-10 1
San Antonio, Texas · www.usaa.com San Francisco, California · www.noblr.com
United Services Automobile Association 2018-11-06 United Services Automobile Association - Investment Management Company 2019-07-25 1
San Antonio, Texas · www.usaa.com San Antonio, Texas

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (83%) 480M (100%) - -
Insurance 1 (17%) - - -
Total 6 $480M - -

By Geo

State/Country Buy Value Sell Value
United States 6 480M - -
  Texas 1 - - -
  North Carolina 1 480M - -
  New York 1 - - -
  New Hampshire 1 - - -
  Michigan 1 - - -
  California 1 - - -
Total 6 $480M - -

Top M&A Advisors

Financial Deals
Barclays Investment Bank
2
RBC Capital Markets
2
BofA Securities
1
Legal Deals
Willkie Farr & Gallagher
3

Deal Values

buy # Total
$100M to $1B 1 $480M
TOTAL $480M
Largest WestEnd Advisors LLC
$480M (2021-11-04)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
33%
2 (33%)

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