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The deal would value Envestnet at about $3.5b. Envestnet provides technology tools to financial advisers and wealth managers. Its clients include more than 108,000 advisers, 16 of the top 20 U.S. banks, and several top wealth management and brokerage firms
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Envestnet is currently in a leadership transition. In January, CEO Bill Crager said he would step down from this role and continue with the company as a senior adviser starting in April.
https://www.reuters.com/markets/deals/bain-capital-nears-deal-buy-envestnet-sources-say-2024-07-08/
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