Victory Capital is paying about $7 billion for First Eagle. Blackstone and Corsair spent a decade in the same asset and were reportedly asking $4 billion. Genstar bought it last August.
Victory Capital agreed this morning to buy First Eagle Investments for about $7.0 billion, which is roughly $3 billion more than Blackstone and Corsair were reported to be asking for the same business eighteen months ago.
Apollo hired three managing directors, one of them from Carlyle. Advent's head of tech strategy now works at the OpenAI venture Advent helped fund.
GTCR and Elliott are paying $7.75 a share for CCC. Advent sold its final stake last November at $7.79, down from a $10 SPAC-era price.
Proofpoint will pay $49.75 a share for Varonis, 52% above the June close. The multiple is 53 times free cash flow, and the first-half cash flow fell.
Fee-generating assets rose €40bn in the quarter. Strip out the Coller acquisition and the gain is about €6bn.
