Warburg Pincus Makes Minority Investment in Edelman Financial Engines
March 15, 2021
Warburg Pincus has agreed to acquire a minority equity stake in Edelman Financial Engines, joining lead investor Hellman & Friedman on the company's cap table and adding Michael Martin (Warburg Pincus) to the board. The transaction values Edelman Financial Engines at $7.3 billion and is structured as a recapitalization to support the firm's continued growth and expansion of its financial planning and workplace retirement services.
- Buyers
- Warburg Pincus, Hellman & Friedman
- Targets
- Edelman Financial Engines
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Transaction Type
- Recapitalization
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