Victory Capital Acquires Certain Assets of THB Asset Management
March 1, 2021
Victory Capital Holdings, Inc. completed the acquisition of certain assets of THB Asset Management, adding approximately $555 million in equity assets and incorporating THB as its 10th investment franchise. THB will remain in Norwalk, Connecticut, and the transaction expands Victory Capital's capabilities in capacity-constrained small-/micro-cap strategies and adds offshore distribution relationships.
- Targets
- THB Asset Management
- Sellers
- THB Asset Management
- Industry
- Financial Services
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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