Envestnet to Go Private in $4.5 Billion Deal With Bain Capital
ENVEnvestnet(ENV) PYMNTS.com·2024-07-12 03:18

Wealth technology platform Envestnet plans to go private in a deal with Bain Capital.The company entered into a definitive agreement to be acquired by Bain Capital in a transaction that values Envestnet at $4.5 billion, the companies said in a Thursday (July 11) press release.The agreement was unanimously approved by the Envestnet board of directors, according to the release. Subject to customary closing conditions, the transaction is expected to close in the fourth quarter, with Envestnet becoming a privat ...