Bain Capital to acquire Envestnet in $4.5 billion deal
09/06/24, 2:28 AM
Location
bostonberwynIndustry
financial services
Envestnet, a leading wealth technology platform, plans to go private in a deal with Bain Capital. The transaction values Envestnet at $4.5 billion and is expected to close in the fourth quarter, with Envestnet becoming a privately held company. The acquisition is aimed at supporting Envestnet's growth strategy through organic and inorganic initiatives, making further investments in its differentiated product offering, and delivering enhanced value to customers and partners.
Company Info
Location
Boston, Massachusetts, United States
Company info
Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity's global team of more than 250 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has 22 offices on four continents. Since its inception, the firm has made primary or add-on investments in more than 1,000 companies. In addition to private equity, Bain Capital invests across asset classes including credit, public equity, venture capital, and real estate, managing approximately $160 billion in total and leveraging the firm's shared platform to capture opportunities in strategic areas of focus.
For more information, visit http://www.baincapital.com.