secwatch.observer — SEC 8-K summary
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Issuer:     AssetMark Financial Holdings, Inc. (—)
CIK:        0001591587
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000950103-24-005705
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591587/000095010324005705/0000950103-24-005705-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591587/000095010324005705/dp210197_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-005705

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