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Bain Capital Buys Envestnet for $4.5 Billion

July 16, 2024 by FTF News

Bain Capital Buys Envestnet for $4.5 Billion

Private equity giant Bain Capital is acquiring Envestnet, Inc., a provider of integrated technology, intelligent data, and wealth solutions, via a transaction valuing Envestnet at $4.5 billion ($63.15 per share), officials say. The transaction will take Envestnet private. The Envestnet platform is used by wealth management firms, registered investment advisors (RIAs), and broker-dealers. The buyout… Read More >>

Filed Under: Securities Operations, Back Office, Buy-Side, Data Management, Industry News, Mergers & Acquisitions Tagged With: Bain Capital, buyout firm, Envestnet, private equity services, Securities Operations, wall street

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