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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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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UPDATE 1-GTCR To Buy Wealth Management Tech AssetMark For …

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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. AssetMark said its shareholders will get …

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Kirkland Advises GTCR In $2.7 Billion Take Private Of AssetMark

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Apr 25, 2024 · Kirkland & Ellis counseled GTCR, a leading private equity firm with substantial investment expertise in financial technology, wealth and asset management, on the definitive …

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How Private Equity Ownership Will And Won't Change AssetMark

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Oct 2, 2024 · The wealth management technology platform provider AssetMark is now fully owned by the private equity shop GTCR, which struck a deal back in April to buy the firm for $2.7 billion.

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

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The purchase price represents a 1% premium to AssetMark’s closing price Wednesday of $34.90. The stock fell 2.2% in early trading Thursday. Shares are up 14.5% year to date, compared …

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GTCR To Buy Wealth Management Tech AssetMark For $2.7 Bln

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April 25 (Reuters) - Private equity firm GTCR has agreed to buy AssetMark Financial for $2.7 billion, the wealth management platform said on Thursday. (Reporting by Niket Nishant in …

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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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GTCR Makes $1.33 Billion Investment In Tricentis

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2 days ago · Since its inception, GTCR has invested more than $25 billion in over 280 companies, and the firm currently manages $40 billion in equity capital. GTCR is based in Chicago with …

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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 Completes Acquisition by GTCR, Launching New Era of … Coupon?

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. ...

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. ...

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. ...

Who is GTCR?

Founded in 1980, GTCR is a leading private equity firm that invests through The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. ...

What makes Assetmark a leader in wealth technology?

“AssetMark is a leader in the wealth technology industry, combining a high-quality service orientation with innovative technology and products that financial advisors rely on to support their clients,” said Collin Roche, co-CEO and managing director of GTCR, in a statement. ...

Who owns Assetmark?

Platform provider AssetMark is being acquired by the private equity firm GTCR for $2.7 billion, the two firms said Thursday. The deal comes seven and a half years after China-based Huatai Securities bought a majority stake in AssetMark for $768 million. ...