---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-005705"
form_type: "8-K"
ticker: null
cik: "0001591587"
company_name: "AssetMark Financial Holdings, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:59:08.245351+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AssetMark to be acquired by GTCR for $35.25 per share, ~$2.7B equity value

## Summary
- Stockholders to receive $35.25/share in cash; total equity valuation of approximately $2.7 billion.
- Transaction expected to close in Q4 2024, subject to regulatory approvals and customary conditions.
- No financing condition; GTCR funds provide equity, and UBS/Barclays provide debt financing.
- Huatai, majority stockholder, has provided written consent; no further stockholder vote needed.
- Termination fees: Company pays ~$80.76M; Parent pays ~$161.52M in specified circumstances.

## SEC filing metadata
- accession: 0000950103-24-005705
- form_type: 8-K
- cik: 0001591587
- company_name: AssetMark Financial Holdings, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591587/000095010324005705/0000950103-24-005705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591587/000095010324005705/dp210197_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-005705
- JSON: https://secwatch.observer/filing/0000950103-24-005705.json
- Plain text: https://secwatch.observer/filing/0000950103-24-005705.txt

## Key facts
- Material Agreements
  AssetMark Financial Holdings, Inc. entered into Agreement and Plan of Merger with GTCR Everest Borrower, LLC valued at $35.25 per share in cash (effective 2024-04-25).
  - Action: entry
  - Agreement: merger
  - Counterparty: GTCR Everest Borrower, LLC
  - Value: $35.25 per share in cash
  - Effective: 2024-04-25
  source text: AssetMark Financial Holdings, Inc., a Delaware corporation (the " Company "), entered into an Agreement and Plan of Merger (the " Merger Agreement ") by and among the Company, GTCR Everest Borrower, LLC, a Delaware limited liability company (" Parent "), and GTCR Everest Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (" Merger Sub "), pursuant to which Merger Sub will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent (the " Merger ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591587/000095010324005705/0000950103-24-005705-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.