Victory Capital Holdings, Inc. (NASDAQ:VCTR) ("Victory Capital" or the "Company") today announced that it has withdrawn its proposal to acquire Janus Henderson Group plc ("Janus Henderson").

As Victory Capital has consistently stated, it was only prepared to move forward with a negotiated, consensual transaction that had the full support of the Janus Henderson Special Committee. While the Company is disappointed with the process run by the Special Committee, its admiration for the Janus Henderson business and its talented investment professionals remains unchanged. Victory Capital pursued this opportunity precisely because it recognized Janus Henderson as a high-quality organization and potentially a compelling strategic fit.

Victory Capital wishes Janus Henderson and its employees, clients and shareholders continued success.

Importantly, Victory Capital's acquisition strategy has not changed. The Company will continue to pursue transactions that increase the competitiveness of the company through size, scale, product expansion and distribution access throughout the world, building on a proven long-term track record of value-creating acquisitions. Victory Capital's acquisition track record – eight transactions completed in the past 11 years – speaks for itself. The Company has consistently identified, executed and integrated transactions that make it a stronger, more diversified and more competitive firm. This has made Victory Capital the best-performing traditional public asset manager since its IPO in February of 2018, with a total shareholder return of over 525%.

Victory Capital intends to pursue the right opportunities at the right time. The Company's commitment to its shareholders, its Investment Franchises, its employees and its clients is as strong as ever.