AssetMark Completes Acquisition by GTCR, Launching New Era of …

Sep 5, 2024 · (GLOBE NEWSWIRE) – AssetMark Financial Holdings, Inc. (“the Company”), a leading wealth management technology platform for financial advisors, today began a new era …

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AssetMark Completes Acquisition By GTCR, Launching New Era Of …

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Sep 5, 2024 · GTCR has acquired a 100% interest in AssetMark, and its common stock is no longer publicly traded. Morgan Stanley & Co. LLC served as exclusive financial advisor to …

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AssetMark Signs Definitive Agreement To Be Acquired By GTCR

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Apr 25, 2024 · AssetMark stockholders will receive $35.25 per share in cash, which represents a total equity valuation of approximately $2.7 billion. Under the terms of the agreement, GTCR …

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AssetMark Signs Definitive Agreement To Be Acquired By GTCR

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Apr 25, 2024 · AssetMark stockholders will receive $35.25 per share in cash, which represents a total equity valuation of approximately $2.7 billion. Under the terms of the agreement, GTCR …

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AssetMark Taps Industry Veteran Lou Maiuri In New Growth Chapter

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Sep 5, 2024 · After the completion of its $2.7B take-private deal with GTCR, the fintech firm is looking forward to a new era of strategic expansion helmed by the former State Street leader.

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PE Firm GTCR To Buy Wealth Management Platform AssetMark For …

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Apr 25, 2024 · Private equity firm GTCR has agreed to pay $2.7 billion to buy AssetMark Financial , in a deal that would take the wealth management platform private more than five years after …

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Will GTCR buy Assetmark financial?

April 25 (Reuters) - Private equity firm GTCR has agreed to pay $2.7 billion to buy AssetMark Financial (AMK.N), in a deal that would take the wealth management platform private more than five years after its initial public offering. The acquisition, announced on Thursday, will help expand GTCR's footprint in the financial services industry. ...

What happened to Assetmark financial holdings?

AssetMark Financial Holdings, Inc. (“the Company”), a leading wealth management technology platform for financial advisors, began a new era of strategic growth and expansion by announcing the closing of its acquisition by GTCR, a leading private equity firm with substantial investment expertise in financial technology, wealth, and asset management. ...

Who owns Assetmark financial holdings (AMK)?

AssetMark Financial Holdings, Inc. (NYSE: AMK) (“AssetMark” or “Company”), a leading wealth management technology platform for financial advisors, today announced that it has signed a definitive agreement to be acquired by GTCR, a leading private equity firm with substantial investment expertise in financial technology, wealth and asset management. ...

What does GTCR's acquisition mean for the financial services industry?

The acquisition, announced on Thursday, will help expand GTCR's footprint in the financial services industry. Founded in 1980, the firm manages $40 billion of equity and is a big player in the healthcare, financial and technology markets. ...

How did Assetmark financial holdings perform in the second quarter?

AssetMark Financial Holdings notched several records for the second quarter, lifted by its ability to attract more financial advisors to its wealth management. Connect everyone in the organization to the client: I have said it before, but purpose drives engagement. ...

Who is a financial advisor for GTCR?

Morgan Stanley & Co. LLC served as exclusive financial advisor to AssetMark, and Davis Polk & Wardwell LLP provided legal counsel. UBS Investment Bank and Barclays served as co-lead financial advisors to GTCR and are providing debt financing support for the transaction. BofA Securities and Jefferies LLC also served as financial advisors. ...