AssetMark Signs Definitive Agreement to be Acquired by GTCR

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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GTCR Acquires AssetMark In $2.7bn Transaction

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Apr 30, 2024 · BY Fraser Tennant In a deal that expands the private equity company’s footprint in the financial services industry, GTCR is to acquire wealth management platform AssetMark …

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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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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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AssetMark Signs Definitive Agreement To Be Acquired By GTCR

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Apr 25, 2024 · Under the terms of the agreement, GTCR will acquire a 100% interest in the Company. AssetMark’s Board of Directors has unanimously approved the transaction and …

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Private Equity Firm GTCR Buys AssetMark - Wealth Management

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Apr 25, 2024 · AssetMark, which has approximately $117 billion of assets on the platform, reported a 14.5% year-over-year increase in its platform assets, which stood at $109.7 billion …

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GTCR Agrees $2.7bn Take-private Deal For AssetMark

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Apr 26, 2024 · Private equity firm GTCR has agreed to acquire AssetMark Financial Holdings, a wealth management technology platform for financial advisors, in a take-private deal that …

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PE Firm GTCR To Buy Wealth Management Platform AssetMark For …

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Apr 25, 2024 · (Reuters) -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 …

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AssetMark To Go Private In $2.7 Billion Sale To Private-Equity Firm …

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If the deal closes, GTCR will acquire all of AssetMark and pay existing shareholders $35.25 per share in cash, which represents a total equity valuation of approximately $2.7 billion, …

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GTCR To Buy Wealth Management Tech AssetMark For $2.7 Bln

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Apr 25, 2024 · Private equity firm GTCR has agreed to buy AssetMark Financial for $2.7 billion, the wealth management platform said on Thursday.

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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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GTCR Invests In Insight-Backed Tricentis At $4.5 Billion Value

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1 day ago · GTCR has agreed to acquire a minority stake in Tricentis in a deal that values the software-testing company at $4.5 billion including debt, the firms said Tuesday.. The Chicago …

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GTCR Makes $1.33 Billion Investment In Tricentis - GTCR

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2 days ago · Tricentis, a global leader in continuous testing and quality engineering, today announced that GTCR, a leading private equity firm, has signed a definitive agreement to …

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FAQs about AssetMark Signs Definitive Agreement to be Acquired by GTCR Coupon?

Did GTCR buy Assetmark?

The transaction was approved unanimously by AssetMark’s Board of Directors and was subsequently approved by written consent of shareholders representing a majority of the outstanding voting interests of the Company. GTCR has acquired a 100% interest in AssetMark, and its common stock is no longer publicly traded. ...

How much will GTCR pay Assetmark stockholders?

Under the terms of the definitive agreement – which has been unanimously approved by the AssetMark board of directors – GTCR will acquire a 100 percent interest, with AssetMark stockholders receiving $35.25 per share in cash. ...

What is GTCR's deal with Assetmark financial?

He did his post-graduation from the Indian Institute of Journalism and New Media (IIJNM) in Bengaluru. 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 its initial public offering. ...

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. ...

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. ...

Why did GTCR buy Fidelity?

The acquisition, announced on Thursday, will help expand GTCR's footprint in the financial services industry. It had also bought payments technology provider Fidelity National Information Services' Worldpay business in a blockbuster deal last year. ...