Victory Capital Holdings has announced that it has reached a definitive agreement with Amundi for their previously announced transaction.
Consistent with the memorandum of understanding announced on April 16, 2024, Amundi and Victory Capital have entered into reciprocal 15-year distribution agreements that will be effective upon closing of the transaction, the Amundi U.S. business (formerly Pioneer Investments) will be combined into Victory Capital, and Amundi will become a strategic shareholder of Victory Capital.
David Brown, chairman and CEO, said: “This strategic relationship accelerates the globalization of our firm through a new global distribution channel. The transaction’s structure is carefully designed to closely align our common interests.”
Under the distribution agreements, Victory Capital will be the supplier of U.S.-manufactured active asset management products for Amundi’s distribution outside of the United States. Additionally, Victory Ca
