AssetMark to Be Acquired by Huatai Securities

April 11, 2016

China-based Huatai Securities will purchase the company from Aquiline Capital Partners and Genstar Capital.

On April 11, Willkie client AssetMark, Inc. announced that Huatai Securities has agreed to purchase AssetMark from private equity firms Aquiline Capital Partners and Genstar Capital. 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.

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 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.