Davis Polk is advising Munder Capital Management on its acquisition by Victory Capital Holdings, Inc., the parent company of Victory Capital Management Inc. The all-cash transaction, which is expected to close by the end of the third quarter of 2014, is subject to customary closing conditions and consents, including the consent of certain Munder-advised mutual funds and other Munder investment advisory clients. The financial terms of the transaction were not disclosed.

Additional equity financing for the new company will be led by funds managed by Crestview Partners and Reverence Capital Partners. Senior executives and investment management personnel from Victory, Munder and Integrity Asset Management, LLC, a subsidiary of Munder, will also be significant investors in the new entity.

Munder Capital Management is an institutional investment management firm with more than $18.4 billion of investment assets as of March 31, 2014 that provides highly disciplined domestic and international equity, as well as fixed income investment solutions. Victory Capital Management, which had $18.6 billion in assets under management and advisement as of March 31, 2014, provides investment advisory services to institutional clients and mutual funds.

The Davis Polk corporate team includes partner Paul R. Kingsley, and associates Harold Birnbaum, Christopher R. Utecht and Francesca Campbell. Partner Gregory S. Rowland and associate David Lenzi are providing investment management advice. Partner Edmond T. FitzGerald and counsel John T. Wright are providing executive compensation advice. Partner Kathleen L. Ferrell is providing tax advice. Partner Lawrence E. Wieman is providing credit advice. All members of the Davis Polk team are based in the New York office.