In a significant move within the wealth management industry, AssetMark Financial Holdings, Inc., a prominent technology platform for financial advisors, has agreed to be acquired by GTCR, a leading private equity firm known for its investments in financial technology and wealth management. The agreement terms dictate that AssetMark stockholders will receive $35.25 per share in […]
FIS, a global powerhouse in financial services technology, announced today the acceleration of its prior plan to separate into two distinct global entities, thereby improving strategic flexibility. To this end, FIS has signed a definitive agreement to divest a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR. The […]
Wells Fargo & Company has agreed to divest its asset management business – Wells Fargo Asset Management (WFAM) to private equity firms GTCR and Reverence Capital Partners for $2.1 billion. As part of the deal, Wells Fargo will retain a stake of 9.9% in the asset management business and will continue to be its major […]
Private equity firm GTCR has agreed to divest Optimal Blue, a secondary market solutions and actionable data services provider to Black Knight, a provider of integrated software, data and analytics to the mortgage and real estate sectors, for $1.8 billion in an all-cash deal. Black Knight said that it will merge its Compass Analytics business […]
Private equity firm GTCR and Mega Broadband Investments (MBI) have acquired Oklahoma-based Vyve Broadband from BBH Capital Partners (BBHCP) for an undisclosed sum. Vyve Broadband, which was founded in 2012, offers high-speed data, fiber connectivity, cable television and voice services to residential and business customers in eight states, including Oklahoma, Kansas, Texas, Arkansas, Louisiana, Tennessee, […]