David K. Boston~~Danielle Scalzo~~Tej Prakash~~Brian Baltz
January 24, 2026
Willkie Advises Victory Capital on Strategic Partnership with Amundi

1 min
AI-made summary
- Victory Capital Holdings, Inc
- announced on July 9 that it has entered into definitive agreements for a strategic partnership with Amundi
- Under the transaction, Amundi will contribute Amundi US to Victory Capital in exchange for a 26.1% economic stake
- The companies also agreed to reciprocal 15-year distribution agreements, making Victory Capital the exclusive distributor of Amundi’s non-US products in the US and vice versa for Amundi outside the US.
Willkie advised Victory Capital Holdings, Inc. (NASDAQ: VCTR) in its strategic partnership with Amundi that combines Amundi US (formerly Pioneer Investments) into Victory Capital, establishes Amundi as a strategic shareholder of Victory Capital, and puts in place long-term global distribution agreements.
On July 9, Victory Capital announced that it executed definitive agreements with Amundi for the strategic partnership. Under the proposed transaction, Amundi will contribute Amundi US into Victory Capital in exchange for a 26.1% economic stake in Victory Capital. In addition, Amundi and Victory Capital entered into reciprocal 15-year distribution agreements, effective as of the closing. Under the distribution agreements, Victory Capital will exclusively supply US active asset management products for Amundi’s distribution outside of the US, and Victory Capital will become the exclusive distributor of Amundi’s non-US products in the US.
Amundi, a publicly listed subsidiary of the Crédit Agricole group, is the leading European asset manager with more than €2 trillion of assets under management.
Victory Capital is a diversified global asset management firm with total assets under management of $168.5 billion, and $173.4 billion in total client assets, as of May 31, 2024.
The Willkie team was led by partners David Boston and Danielle Scalzo and included partners Tej Prakash, Justin Browder and Brian Baltz and associate Robert Quinn.
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David K. Boston~~Danielle Scalzo~~Tej Prakash~~Brian Baltz
The Sponsor
