22 04 2016

Huatai Securities acquires AssetMark from Aquiline Capital Partners and Genstar Capital

Willkie client AssetMark, Inc. announced that Huatai Securities has agreed to purchase AssetMark from private equity firms Aquiline Capital Partners and Genstar Capital.


Huatai Securities Co. will pay $780 million for U.S. consultancy firm AssetMark Financial Holdings Inc. The transaction is expected to close before the end of 2016. AssetMark is an independent provider of innovative investment and consulting solutions serving financial advisors. The company, including its Savos and Aris divisions, has approximately $29.3 billion in assets on its platform and a history of innovation spanning over 20 years. AssetMark, led by Charles G. Goldman, Ronald Dennis Cordes, Richard Edward Steiny, Gary Zyla and Carrie Ellen Hansen, is based in Concord (CA). Huatai Securities is an integrated securities group in China providing services including brokerage and wealth management, investment banking, asset management and investment and trading to retail investors, institutional investors and corporate clients. Willkie previously advised Aquiline Capital Partners and Genstar Capital on their 2013 acquisition of AssetMark from Genworth Financial. The Willkie team advising on the current transaction was led by partners Jeffrey Poss (Picture) and Manuel Miranda and included partners Jordan Messinger, Eugene Chang, David Drewes, Christopher Peters, Anthony Carbone and David Katz; counsel Elliot Gluck, Martin Miller, Russell Smith, Miriam Bishop and Deborah Tuchman; and associates Hania Masud, Abby Branigan, Thomas Sharkey, Timothy Andree, Stephen Forster, Geri Anne McEvoy, Carly Glover Saviano, Kathryn Crowe, Meredith Levy, Barbara Block and Daniel Bumpus. Involved fees earner: Jeffrey Poss - Willkie Farr & Gallagher; Manuel Miranda - Willkie Farr & Gallagher; Hania Masud - Willkie Farr & Gallagher; Abby Branigan - Willkie Farr & Gallagher; Thomas Sharkey - Willkie Farr & Gallagher; Timothy Andree - Willkie Farr & Gallagher; Jordan Messinger - Willkie Farr & Gallagher; Geri Anne McEvoy - Willkie Farr & Gallagher; Eugene Chang - Willkie Farr & Gallagher; David Drewes - Willkie Farr & Gallagher; Carly Glover Saviano - Willkie Farr & Gallagher; Kathryn Crowe - Willkie Farr & Gallagher; Christopher Peters - Willkie Farr & Gallagher; Anthony Carbone - Willkie Farr & Gallagher; Meredith Levy - Willkie Farr & Gallagher; David Katz - Willkie Farr & Gallagher; Martin Miller - Willkie Farr & Gallagher; Elliot Gluck - Willkie Farr & Gallagher; Deborah Tuchman - Willkie Farr & Gallagher; Stephen Forster - Willkie Farr & Gallagher; Russell Smith - Willkie Farr & Gallagher; Miriam Bishop - Willkie Farr & Gallagher; Barbara Block - Willkie Farr & Gallagher; Daniel Bumpus - Willkie Farr & Gallagher;

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