Victory Capital to acquire First Eagle in $7bn deal

Victory Capital is set to acquire First Eagle in a $7 billion deal, marking a significant move after their failed attempt to buy Janus Henderson earlier this year. This acquisition highlights the ongoing consolidation within the investment management sector, which could reshape competitive dynamics and influence market strategies. With this deal, Victory Capital aims to expand its asset base and strengthen its position in the industry, potentially driving further mergers and acquisitions in the sector. For more details, check out the full article on the Financial Times website.