Genstar Capital

“Victory Capital on Wednesday announced an agreement to acquire asset manager First Eagle Investments from Genstar Capital for around $7 billion in stock.”

“Genstar Capital 'paid $4 billion to buy First Eagle last August,' and is now selling to Victory Capital for 'around $7 billion in stock.' That's a ~75% return in roughly 12 months on an asset management acquisition”

“Victory Capital (Nasdaq: VCTR) is acquiring First Eagle from Genstar Capital for ~$7B in stock. Genstar, which bought First Eagle just a year ago, will hold a 14.6% stake in Victory.”