Pacific Current Group Sells Partial Stake in Victory Park Capital Management

Pacific Current Group Limited (ASX: PAC) has announced the sale of 55% of its 24.9% equity stake in Victory Park Capital Advisors, LLC (VPC) to Janus Henderson Group (NYSE: JHG). The transaction, valued at approximately US$33.9 million (AU$51.6 million) before costs, involves 75% cash and 25% in Janus stock. Post-sale, PAC will retain an 11.2% stake in VPC’s management company and 19.4% of carried interest in future funds. PAC could earn an additional US$28.7 million (AU$ 43.7 million) if certain revenue milestones are met in 2025 and 2026. The deal, subject to consent processes, will close in the coming months. PAC's Chairman, Tony Robinson, described the sale as an opportunity to realize significant value while retaining future growth potential.

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