Bain Capital, LP, is an American private investment firm founded in 1984 and headquartered in Boston, Massachusetts. It boasts $185 billion USD of assets under management and specializes in private equity, impact investing, public equity, tech opportunities, real estate, etc.
According to reports, Bain Capital has announced plans to buy Envestnet valued at $4.5 billion USD, together with investors like BlackRock, Franklin Templeton, and Fidelity Investments. This acquisition deal will make Envestnet a privately held company, with Bain Capital offering $63.15 per share in cash. The deal is expected to close in the fourth quarter of 2024.
Envestnet, Inc. is an American financial technology corporation founded in 1999 and headquartered in Berwyn, Pennsylvania. It develops and distributes wealth management software and data to financial advisors and institutions. The company manages $6 trillion USD in assets and oversees about 20 million accounts.
