Ropes & Gray Advised Genstar Capital in the Sale of First Eagle Investments to Victory Capital for $7 Billion

Ropes & Gray advised Genstar Capital in its definitive agreement to sell the firm’s longstanding client First Eagle Investments to Victory Capital Holdings, Inc., for total consideration of approximately $7 billion. The transaction was announced on August 26.

Upon closing, the combined company is expected to have approximately $571 billion in total client assets, positioning the company as one of the largest publicly traded traditional asset managers in the U.S.

The Ropes & Gray team was led by mergers & acquisitions partners Elizabeth Langton, Ariel Deckelbaum and Tom Fraser, and asset management partner George Raine and included tax partner Chris Roman, mergers & acquisitions counsel Nicholas Roper, finance partners Nitin Konchady and Michael Lee and counsel Amy Olson, private equity partners Elizabeth Gallucci and Jay Freedman and associates Matthew Kaczor and Kim Ton-That, asset management partners Brynn Rail and Eve Ellis, counsel James Forbes and associates Max Li and Eddie Ahanmisi, executive compensation and employee benefits partner Kyle Higley, employment partner Jen Cormier, counsel Jeff Battle and associate Patrick Maher, antitrust partners Ruchit Patel, Deidre Johnson and Jackie Grise and counsel Derek Yee and intellectual property transactions partner Jordan Altman.