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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.
Now confirmed: “Private equity firm Bain Capital will buy Envestnet $ENV in a $4.5 billion deal, with backing from a cohort of investors, including BlackRock and Fidelity Investments, the financial software vendor said on Thursday.” https://t.co/VSdtNuPkXL
Bain Capital to Buy Envestnet in $4.5 Billion Deal https://t.co/5sd6Fy4xTj
We’re excited to announce an agreement to be acquired by @BainCapital, in a go-private transaction valued at $4.5 billion. We’ll continue to empower advisors to grow and scale their business with the leading technology, solutions, and intelligence. https://t.co/J5QadytBg4
