Bain Capital Takes Envestnet Private in $4.5B Transaction
July 11, 2024
Envestnet, Inc. entered into a definitive agreement to be acquired by affiliates of vehicles managed or advised by Bain Capital, valuing the company at $4.5 billion ($63.15 per share). The deal received stockholder approval and closed in November 2024, taking Envestnet private and removing its common stock from public listing.
- Buyers
- Bain Capital, Reverence Capital Partners, Norwest, BCPE Pequod Buyer, Inc., BCPE Pequod Merger Sub, Inc.
- Targets
- Envestnet, Inc.
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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