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Will Bain Capital complete the acquisition of Envestnet by December 31, 2024?
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Official press release from Bain Capital or Envestnet, or filings with the U.S. Securities and Exchange Commission (SEC)
Story
Bain Capital to Acquire Envestnet in $4.5 Billion, $63.15/Share Deal
Jul 11, 2024, 12:29 PM
Private equity firm Bain Capital is set to acquire Envestnet, a U.S. financial software vendor, in a deal valued at $4.5 billion. The transaction will take Envestnet private and is backed by a group of investors, including BlackRock and Fidelity Investments. Envestnet, which provides technology and solutions to the wealth management industry, has a market value of approximately $3.5 billion. The agreement, valued at $63.15 per share, was confirmed by Envestnet on Thursday.
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