Amundi Files SC 13D for Victory Capital Holdings

TL;DR

**Amundi just filed a 13D on Victory Capital. Big player in the game now.**

AI Summary

Amundi Asset Management S.A.S. has filed an SC 13D, indicating a change in their beneficial ownership of Victory Capital Holdings, Inc. The filing, dated July 15, 2024, does not specify the exact number of shares or percentage of ownership, but it signifies a significant stake held by Amundi in the investment advice company.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy concerning Victory Capital Holdings, which could impact its stock performance and future business decisions.

Risk Assessment

Risk Level: medium — SC 13D filings often precede significant corporate actions or changes in control, introducing uncertainty for investors.

Key Players & Entities

• Amundi Asset Management S.A.S. (company) — Filing entity
• Victory Capital Holdings, Inc. (company) — Subject company
• Marc Noël (person) — Contact person for Amundi

FAQ

Key Financial Figures

• $0.01 — INC. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class o
• $250,000,000 — f any such underwritten offering exceed $250,000,000). Amundi AM also has certain customary

Filing Documents

• d852499dsc13d.htm (SC 13D) — 124KB
• d852499dex991.htm (EX-99.1) — 4KB
• d852499dex993.htm (EX-99.3) — 41KB
• 0001193125-24-179101.txt ( ) — 170KB

From the Filing

SC 13D 1 d852499dsc13d.htm SC 13D SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (Amendment No.)* UNDER THE SECURITIES EXCHANGE ACT OF 1934 VICTORY CAPITAL HOLDINGS, INC. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of Securities) 92645B 103 (CUSIP Number) Marc Noël 91-93 Boulevard Pasteur 75015 Paris, France +33 1 76 37 53 37 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) With a copy to: Glenn P. McGrory, Esq. James J. Hu, Esq. Cleary, Gottlieb, Steen & Hamilton LLP One Liberty Plaza New York, New York 10006 (212) 225-2000 July 8, 2024 (Date of Event Which Requires Filing of Statement on Schedule 13D) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 92645B 103 Page 2 of 14 Pages (1) Name of Reporting Persons: Amundi S.A. (2) Check the Appropriate Box if a Member of a Group (See Instructions): (a)(b) (3) SEC Use Only: (4) Source of Funds (See Instructions): OO (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): (6) Citizenship or Place of Organization: France NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: (7) Sole Voting Power 0 (8) Shared Voting Power 3,172,982 Common Stock (1) (9) Sole Dispositive Power 0 (10) Shared Dispositive Power 3,172,982 Common Stock (1) (11) Aggregate Amount Beneficially Owned by Each Reporting Person: 3,172,982 Common Stock (12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): (1) (13) Percent of Class Represented by Amount in Row (11): 4.9% of the Common Stock (1) (14) Type of Reporting Person (See Instructions): HC (1) Based on a total of 64,739,309 shares of Common Stock which the Reporting Persons (as defined below) understand are outstanding as of May 31, 2024; reflects 756 shares of Common Stock (as defined below) held by a wholly owned subsidiary of Amundi Asset Management S.A.S., KBI Global Investors Ltd.; Amundi Asset Management S.A.S. is a wholly owned subsidiary of Amundi S.A.; reflects the shares of Common Stock and excludes the shares of Common Stock convertible upon transfer of the Preferred Stock (as defined below) that will be acquired by the Reporting Persons at the closing of the transaction described in Item 4, subject to certain closing conditions set forth in the Contribution Agreement (as defined below). The Reporting Persons will not be permitted to transfer shares of Common Stock and Preferred Stock beneficially owned by them for three years following the closing of the transaction, subject to certain exceptions, pursuant to the terms of the Shareholder Agreement described in Item 6 herein. In addition, Amundi Asset Management S.A.S. has entered into the Voting Agreements described in Item 6, which may be deemed to give the Reporting Persons beneficial ownership of an aggregate of 16,889,308 shares of Common Stock, representing approximately 26% of the Common Stock of the Issuer outstanding as of May 31, 2024, pursuant to the rules and regulations of the Securities and Exchange Commission. This filing should not be deemed an admission that the Reporting Persons are part of a group (within the meaning of Rule 13d-5(b)(1) adopted pursuant to the Act) by virtue of the Voting Agreements or have beneficial ownership of the Common Stock held by any party thereto. CUSIP No. 92645B 103 Page 3 of 14 Pages (1) Name of Reporting Persons: Amundi Asset Management S.A.S. (2) Check the Appropriate Box if a Member of a Group (See Instructions): (a)(b) (3) SEC Use Only: (4) Source of Funds (See Instructions): OO (5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): (6) Citizenship or Place of Organization: France NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: (7) Sole Voting Power 0 (8) Shared Voting Power 3,172,982 Common Stock (1) (9) Sole Dispositive Power 0 (10) Shared Dispositive Power 3,172,982 Common Stock (1) (11) Ag

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View this SC 13D filing on SEC EDGAR