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 will acquire a 100% interest in the Company. AssetMark’s Board of Directors has unanimously …


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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 will acquire a 100% interest in the Company. AssetMark’s Board of Directors has unanimously …

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AssetMark Completes Acquisition By GTCR, Launching New Era Of …

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Sep 5, 2024  · The acquisition, valued at approximately $2.7 billion, was executed with the Company’s shareholders receiving $35.25 per share in cash. The transaction was approved …

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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 …

yahoo.com

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AssetMark To Be Acquired By GTCR For $35.25 Per Share In Cash

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Apr 25, 2024  · Under the terms of the deal, GTCR will purchase a full ownership stake in the company. AssetMark shareholders are set to receive $35.25 per share in cash, resulting in a …

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GTCR Acquires AssetMark In $2.7bn Transaction - Financier …

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Apr 30, 2024  · 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 …

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AssetMark Completes Acquisition By GTCR, Launching New

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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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Private Equity Firm GTCR Buys AssetMark - Wealth Management

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Apr 25, 2024  · AssetMark Financial Holdings Inc. announced Thursday it agreed to be acquired by private equity firm GTCR. ... receive $35.25 per share in cash based on an equity valuation …

wealthmanagement.com

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AssetMark Completes Acquisition By GTCR, Launching New Era Of …

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Sep 9, 2024  · The acquisition, valued at approximately $2.7 billion, was executed with the Company’s shareholders receiving $35.25 per share in cash. The transaction was approved …

thewealthadvisor.com

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PE Firm GTCR To Buy Wealth Management Platform AssetMark For …

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Apr 25, 2024  · AssetMark's shareholders will get $35.25 per share in cash, and the deal will be financed with a credit facility and capital from funds affiliated with GTCR. AssetMark's shares …

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AssetMark Completes Acquisition By GTCR, Launching New Era Of …

1 week from now

Sep 5, 2024  · The acquisition, valued at approximately $2.7 billion, was executed with the Company’s shareholders receiving $35.25 per share in cash. The transaction was approved …

nasdaq.com

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AssetMark Signs Definitive Agreement To Be Acquired By GTCR

1 week from now

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 …

marketscreener.com

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Private-Equity Firm GTCR To Buy AssetMark Financial Holdings

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Apr 25, 2024  · 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 …

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GTCR To Acquire AssetMark For $2.7 Billion In Cash

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Apr 25, 2024  · GTCR to Acquire AssetMark for $2.7 Billion in Cash. April 25, 2024. Private equity firm GTCR has entered into a merger with wealth management platform AssetMark Financial …

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AssetMark $2.7 Billion Acquisition By GTCR - Davis Polk

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Apr 25, 2024  · Davis Polk is advising AssetMark Financial Holdings, Inc. on its acquisition by private equity firm GTCR. Under the terms of the transaction, AssetMark stockholders will …

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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, …

msn.com

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Latham Watkins Advises On Financing For GTCR Acquisition Of …

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

lw.com

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AssetMark Signs Definitive Agreement To Be Acquired By GTCR

1 week from now

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 …

tmcnet.com

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

How much money will GTCR receive from Assetmark?

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 will acquire a 100% interest in the Company. AssetMark’s Board of Directors has unanimously approved the transaction and recommended the transaction to its stockholders. ...

Who owns Assetmark financial holdings?

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 Financial Holdings, Inc. for approximately $2.7bn. ...

Will Assetmark financial take a turnkey-asset manager private?

The planned acquisition of AssetMark Financial Holdings would take the turnkey-asset-manager private. ...

How much money does GTCR invest?

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 offices in New York and West Palm Beach. For more information, please visit www.gtcr.com. Follow us on LinkedIn. ...

What happens to Assetmark shares after the deal is completed?

The deal is subject to closing conditions and regulatory approvals, and is expected to close in during the fourth quarter. Upon completion of the transaction, shares of AssetMark will no longer be listed. AssetMark said its board of directors unanimously approved the deal and recommended it to its shareholders. ...

How much money does Assetmark have?

The company has about $117 billion of assets on its platform and serves more than 9,300 financial advisors. “This transaction will deliver substantial value for our shareholders, supports key elements of our strategy, and creates new and exciting opportunities for our employees,” AssetMark CEO Michael Kim said in a statement. ...

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