AcquisitionAug 25, 2026Pending
🇺🇸 United States
GFGC Ferry Holdings, Inc.VCVictory Capital Holdings, Inc.
Financial Institutions › Asset & Wealth Management
Enterprise value$7.03BEnterprise value
AnnouncedAug 25, 2026
ConsiderationCash and stock
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentYes
Overview
Victory Capital Holdings, Inc. agreed to acquire GC Ferry Holdings, Inc. (First Eagle) from GC Ferry Parent, L.P. for a base purchase price of $7.03 billion, payable in a combination of cash, newly issued Victory common stock representing 4.9% of Victory common stock outstanding after the issuance, and newly issued Victory Series B Non-Voting Convertible Preferred Stock, with the share consideration component valued at $2 billion.
Deal rationale
The acquisition is presented as combining Victory's and First Eagle's asset management businesses to create a larger, more diversified global asset management firm.
AI-generated from the SEC filingPendingFinancial Institutions › Asset & Wealth ManagementUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $7.03B | Headline figure |
| Consideration | Cash and stock |
Advisors
Buy-side
PPPJT Partners
Sell-side
None listed
Parties
Target
GFGC Ferry Holdings, Inc.
- Headquarters
- United States
- Ticker
- —
Acquirer
VCVictory Capital Holdings, Inc.
- Headquarters
- United States
- Ticker
- —
Seller
GFGC Ferry Parent, L.P.
- Headquarters
- —
- Ticker
- —