Envestnet, a prominent provider of integrated technology, intelligent data, and wealth solutions, is set to be acquired by Bain Capital.
Details of the Acquisition
This transaction signifies a major development for Envestnet (NYSE: ENV), which is known for its comprehensive wealth management platform. The definitive agreement reached will transition Envestnet into the ownership of Bain Capital, a leading global private equity firm.
Key specifics of the acquisition include:
| Aspect | Detail |
|---|---|
| Acquirer | Bain Capital |
| Company Acquired | Envestnet (NYSE: ENV) |
| Transaction Value | $4.5 billion |
| Price Per Share | $63.15 per share |
| Status | Definitive agreement entered |
This strategic acquisition aims to strengthen Envestnet's market position and further enhance its innovative solutions for financial advisors and institutions.
