Davis Polk is advising Huatai Securities Co., Ltd. on its approximately $780 million acquisition of AssetMark Financial Holdings, Inc. from Aquiline Capital Partners, Genstar Capital and key management members. The completion of the transaction is subject to regulatory approvals and other customary closing conditions.
Huatai Securities is a leading integrated securities group in China, with a substantial customer base, a leading e-Platform and a highly collaborative full-service business franchise. Founded in 1996 and headquartered in Concord, California, AssetMark is an independent full-service turn-key asset management program, which provides investment and consulting solutions to financial advisers in the United States.
The Davis Polk corporate team includes partners John D. Amorosi, Howard Zhang and Li He, associates Brian J. Snyder and Robert F. Smith and registered foreign lawyer Ryan J. Grimm. Partner Annette L. Nazareth and associates Jeffrey T. Dinwoodie and Scott D. Farbish are providing financial institutions and broker-dealer advice. Partner Gregory S. Rowland and associate James Pyo are providing investment management advice. Members of the Davis Polk team are based in the New York, Beijing and Hong Kong offices.