Bain Capital nears acquisition of Envestnet, a $3.5B US financial software firm.

Bain Capital is reportedly close to acquiring Envestnet, a $3.5B US financial software firm. Envestnet provides services to 108,000 financial advisors, 16 top US banks, and various wealth management firms. The deal may be announced this week, with Envestnet valued near its current stock price of $63 per share. This acquisition would expand Bain Capital's portfolio of financial services companies.

July 08, 2024
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