PE firm GTCR to buy wealth management platform AssetMark for …

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 …

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PE Firm GTCR To Buy Wealth Management Platform AssetMark For …

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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 …

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GTCR Acquires AssetMark In $2.7bn Transaction

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Apr 30, 2024 · 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 …

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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.

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

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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. AssetMark said its shareholders …

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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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Private Equity Firm GTCR Buys AssetMark | Wealth Management

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Apr 25, 2024 · Stockholders of the turnkey asset management platform and technology provider will receive $35.25 per share in cash based on an equity valuation of $2.7 billion, according to …

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FAQs about PE firm GTCR to buy wealth management platform AssetMark for … Coupon?

Did GTCR buy Assetmark financial for $2.7 billion?

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 Bengaluru) Private equity firm GTCR has agreed to buy AssetMark Financial for $2.7 billion, the wealth management platform said on Thursday. ...

Will GTCR support Assetmark?

Michael Hollander, managing director at GTCR, concluded: “GTCR expects to support AssetMark as the company pursues additional inorganic M&A opportunities to further expand the leading service offering it provides financial advisers.” News: PE firm GTCR to buy wealth management platform AssetMark for $2.7 bln ...

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. ...

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. ...

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 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. ...