Bain Capital Takes Envestnet Private in $4.5B Transaction

Vista Equity Partners Acquires EngageSmart for $4 Billion

January 28, 2024

Software

An affiliate of Vista Equity Partners completed a take-private acquisition of EngageSmart for $23.00 per share in cash, valuing the company at about $4.0 billion. EngageSmart's common stock ceased trading after stockholders approved the transaction; sellers included existing investors such as General Atlantic and Summit Partners.

Hellman & Friedman Acquires Majority Stake in Enverus from Genstar Capital

April 13, 2021

Cloud & SaaS

Hellman & Friedman (H&F) has acquired a majority ownership stake in Enverus from Genstar Capital, with Genstar remaining a significant minority shareholder. The transaction values Enverus at $4.25 billion including assumed debt and is intended to accelerate Enverus' growth in SaaS, predictive analytics, AI/ML and expansion into renewable energy, power and ESG capabilities.

Envest Acquires Majority Stake in Wealth Architects

March 25, 2025

Financial Services

The Envest Group, part of The Ardonagh Group, has acquired a majority stake in Wealth Architects, a fast-growing Australian financial advisory firm. The deal expands Envest's capabilities into financial planning and specialist risk advisory, provides growth capital to Wealth Architects, and follows Wealth Architects' recent purchase of PSC Life to strengthen its life and disability insurance offering.

Morgan Stanley Acquires Eaton Vance

October 8, 2020

Financial Services

Morgan Stanley has entered into a definitive agreement to acquire Eaton Vance for an equity value of approximately $7 billion, creating a larger Morgan Stanley Investment Management platform with expanded product and distribution capabilities. The deal combines Eaton Vance’s asset management and retail distribution strengths with Morgan Stanley’s global scale to increase fee-based revenues, deliver cost synergies, and broaden client offerings.

Envestnet Acquires Harvest Savings & Wealth Technologies

April 8, 2021

Payments & Fintech

Envestnet has acquired Harvest Savings & Wealth Technologies, a fintech provider of automated, goals-based savings and wealth tools for banks, credit unions, trust companies and other financial institutions. The acquisition expands Envestnet’s embedded finance and financial wellness capabilities by integrating Harvest’s micro-savings, digital account opening, and signals technology into Envestnet’s unified platform; terms were not disclosed.

Nordic Capital-Led Consortium Acquires Inovalon

November 24, 2021

Healthcare Services

An equity consortium led by Nordic Capital, joined by Insight Partners, 22C Capital and Inovalon founder Keith Dunleavy, completed the acquisition of Inovalon in a take-private transaction. Inovalon stockholders received $41.00 per share in cash as the cloud-based healthcare data and analytics provider is taken private to accelerate product innovation and expand its reach across the healthcare ecosystem.