Latham & Watkins Advises on Financing for GTCR’s Acquisition of AssetMark

AssetMark Financial Holdings, Inc. (NYSE: AMK), a leading wealth management technology platform for financial advisors, has 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. 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, GTCR will acquire a 100% interest in the Company.

Latham & Watkins LLP represented the lenders in a financing to support the acquisition with a team led by banking partners Jesse Sheff, Michele Penzer, and Brianna Oller, with associates Eric Dang and Eric Raff. Advice was also provided on tax matters by partner Bora Bozkurt; and on uniform commercial code matters by partner Brian Rock.