AssetMark Financial Holdings, Inc. (AMK)
Pre-Market:
- Barrons.com
AssetMark to Go Private in $2.7 Billion Sale to Private-Equity Firm GTCR
AssetMark Financial Holdings has agreed to be acquired by private-equity firm GTCR in a deal that would end the turnkey asset manager’s run as a public company. 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, AssetMark said Thursday. The purchase price represents a 1% premium to AssetMark’s closing price Wednesday of $34.90.
- Zacks
Blue Owl Capital Inc. (OWL) Earnings Expected to Grow: Should You Buy?
Blue Owl Capital (OWL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Reuters
PE firm GTCR to buy wealth management platform AssetMark for $2.7 billion
(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 than five years after its initial public offering. 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.
