Amundi, a leading asset management firm, has entered into a definitive agreement to form a strategic partnership with Victory Capital. According to the agreement, Amundi US will be combined with Victory Capital, making Amundi a strategic shareholder with a 26.1% economic stake in Victory Capital. The partnership involves 15-year distribution and services agreements under which Amundi will distribute Victory’s US-manufactured active asset management products outside the US, while providing non-US manufactured products for Victory’s distribution in the US. This move is expected to enhance Amundi‚Äôs US presence and offer a broader range of investment solutions to its global clients. The transaction, which is forecasted to close by late Q4 2024 or early 2025, is set to increase Amundi’s adjusted net income and EPS modestly, barring customary closing conditions. Financial advisory is being provided by Ardea Partners, with Cleary Gottlieb Steen & Hamilton LLP and Dechert LLP offering legal counsel.

Asset Management, Financial Services, Legal Services,France, United States