Huatai Securities Will Acquire AssetMark

April 15, 2016

On April 11, 2016, Huatai Securities announced that it will acquire AssetMark Inc. from Aquiline Capital Partners and Genstar Capital Management LLC.


After the acquisition, AssetMark Inc. (“AssetMark”) will remain an independent operating company. The transaction is expected to close before the end of the year. 

Moelis & Company LLC, Raymond James and Associates Inc. and Starr Strategic Partners, LLC served as financial advisors to AssetMark for the transaction.

AssetMark provides investment and consulting solutions to financial advisors. The firm has over $29.3 billion in assets.

Huatei Secuirties is a China-based securities group that provides wealth management, investment banking and asset management services to clients. The firm has a market capitalization of approximately US$18.5 billion, and is traded on the Shanghai and Hong Kong stock exchanges.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions