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Bain Capital to acquire Envestnet, Inc. in $4.5 billion take-private transaction

Bain Capital to acquire Envestnet, Inc. in $4.5 billion take-private transaction

07/11/24, 1:22 PM
Location
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Industry
financial services
Bain Capital has announced a $4.5 billion take-private transaction to acquire Envestnet, Inc., a leading wealth technology platform. The transaction aims to support Envestnet's growth strategy through organic and inorganic initiatives, making further investments in its product offering, and delivering enhanced value to customers and partners.

Company Info

Company
Bain Capital Private Equity
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.

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