Report: Bain Close to Reaching Deal to Acquire Envestnet
ENVEnvestnet(ENV) PYMNTS.com·2024-07-09 05:29

Bain Capital is reportedly close to acquiring financial software provider Envestnet.If a deal is reached, it could be announced this week, Reuters reported Monday (July 8), citing unnamed sources.Reached by PYMNTS, both Bain Capital and Envestnet declined to comment on the report.Envestnet’s software is used by more than 108,000 financial advisors, 16 of the top 20 banks in the United States, and many wealth management and brokerage firms, according to the report.The firm faced a board challenge from an act ...