Bain Capital to Buy Envestnet in $4.5 Billion Deal
has agreed to be acquired by private-equity firm Bain Capital in a deal that values the wealth technology platform at $4.5 billion.
Envestnet on Thursday said Bain will pay $63.15 a share, a 2.4% premium to Wednesday’s closing price of $61.70 for the Berwyn, Pa., company and is nearly 12% above Envestnet’s closing price of $56.54 on April 15, before Reuters reported that the company was exploring a sale.
Source: WSJ
