[ TRANSACTION RECORD ]

Bain Capital Investment in Envestnet — 2024

VERIFIED VECTOR ID: 001546 · tx-074
M SOURCE NODE — FUNDER
Bain Capital
Finance United States
$4,500,000,000
EQUITY
11/07/2024
Q DESTINATION NODE — RECIPIENT
Envestnet
Company United States
Amount (USD)
$4.5B
Flow Type
EQUITY
Transaction Date
11/07/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Bain Capital
AUM 185000
HQ Location United States
Sector Finance
Recipient Profile [ Q ]
Entity Envestnet
Entity Type Company
Jurisdiction United States
Intelligence Note

Bain Capital entered into a definitive agreement to acquire Envestnet for 4.5 billion dollars, taking the wealth management technology provider private. The transaction is intended to accelerate Envestnet’s innovation in the fintech and financial advisor services sectors. This deal underscores the institutional appetite for market-leading platforms in the wealth management space.

Σ
Primary Forensic Source https://www.baincapital.com/news/bain-capital-to-acquire-envestnet/
✓ SOURCE LINKED