On November 4, 2020, Victory Capital Holdings, Inc. announced an agreement to acquire THB Asset Management.

Under the terms of the agreement, Victory Capital Holdings, Inc. ("Victory") will acquire THB Asset Management ("THB"). THB's investment team will become employees of Victory. The transaction is expected to close early in 2021. Further terms of the agreement were not disclosed.

Victory, based in Texas (NASDAQ: VCTR), is a diversified global asset management firm. As of September 30, 2020, Victory had $132.7 billion in assets under management.

THB, based in Connecticut, manages assets in capacity constrained, micro-cap, small-cap, and mid-cap asset classes, including strategies managing U.S., international and global portfolios. THB manages approximately $435 million in equity assets.

To read the press release: Please Click Here.

Originally Published by Seward & Kissel, November 2020

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Seward & Kissel
Seward & Kissel
One Battery Park Plaza
New York
NY 10004
UNITED STATES

© Mondaq Ltd, 2020 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com, source Business Briefing