Victory Capital Holdings Acquires THB Asset Management
Posted on 11/11/2020
THB Asset Management is based in Norwalk, CT and was originally known as Thomson, Hortsmann & Bryant. THB Asset Management was formed in 1982. The team currently manages approximately US$ 435 million in equity assets in capacity constrained, micro-cap, small-cap, and mid-cap asset classes, including strategies managing U.S., international and global portfolios.
Victory Capital Holdings, Inc. signed a deal to acquire certain assets of THB Asset Management. The deal is expected to close in early 2021. Consistent with Victory Capital’s model, THB’s investment team will become employees of Victory Capital and the newly created Franchise will be subject to a compensation agreement based on revenue sharing. No material consideration will be paid for the assets.
Law firm Willkie Farr & Gallagher LLP advised Victory Capital Holdings on the deal.
In recent times, Victory Capital acquired the investment management business of USAA.
