UPDATE 1-GTCR to buy wealth management tech AssetMark for $2.7 bln
(Adds detail on offer in paragraph 2)
April 25 (Reuters) - Private equity firm GTCR has agreed to buy AssetMark Financial for $2.7 billion, the wealth management platform said on Thursday.
AssetMark said its shareholders will get $35.25 per share in cash. The deal will be financed with a credit facility and capital from funds affiliated with GTCR.
Concord, California-based AssetMark provides technology for financial advisers to manage client investment portfolios and report and analyze their performance.
(Reporting by Niket Nishant in Bengaluru; Editing by Eileen Soreng)