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Envestnet's take-private deal with Bain Capital, valued at $4.5 billion, is a significant move in the wealth management sector. With over $6tn in #assets and support for 20m #accounts and 109K #advisors, this partnership highlights a commitment to innovation and a connected ecosystem. Bain Capital's investment underscores their dedication to expanding in wealth management. Congrats to Bill Crager and the Envestnet, Inc team! The capital infusion is expected to enhance integrated financial advisory services, catering to the evolving needs of clients and advisors! #wealthmanagement #innovation #financialadvisory #wealthtech Read more: https://lnkd.in/gVc9ysNr

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Envestnet has announced the definitive agreement to be acquired by Bain Capital in a $4.5 billion take-private deal. This significant move marks a pivotal moment for setting the stage for continued growth and innovation in the wealth management technology sector. With Bain Capital's strong reputation in the financial services industry and support from partners like BlackRock and Fidelity Investments, it is poised for a bright future ahead. The partnership will enable the enhancement of the industry-leading technology platform, offering enhanced value to clients, including top financial institutions and wealth management firms nationwide. Envestnet reported a better-than-expected profit in the first quarter. Last month, it said it was working with heavyweights such as BlackRock, Fidelity Investments, Franklin Templeton and State Street Global Advisors to build custom investment strategies. #Envestnet #BainCapital #FinancialTechnology #WealthManagement #Acquisition

Our acquisition strategy is intentional and careful. I can say with confidence that we seek to create a win-win-win for the teams who join us and their clients and this is another great example. #growwithus

Imagine you're a private equity leader, struggling to evaluate technology during M&A. So you make 3 key changes: 1. Implement a rigorous tech due diligence framework 2. Engage with specialized tech consultants for each deal 3. Adopt advanced analytics for deeper tech insights These steps revolutionize your approach, enabling: — Precise assessment of tech assets' value — Identification of integration challenges early — Strategic alignment of tech with business goals Unexpectedly, you also gain: — Enhanced deal confidence — Elevated portfolio innovation — Streamlined post-merger integration processes — Increased competitive advantage — Higher ROI from tech investments Within months, your tech diligence strategy transforms your portfolio, turning tech complexity into a competitive edge. How I guide you to this success: — Equip you with a bespoke tech due diligence checklist — Offer exclusive access to top tech industry experts — Provide a step-by-step integration plan for acquired tech assets — Deliver ongoing support for tech strategy optimization If you're navigating the tech maze in M&A, DM me "TechDD" to turn tech diligence into your powerhouse. #mergersandacquisitions #privateequity

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What can PE and VC operators learn from each other? Brandon Mensinga and I spoke with Sam Smith, CEO of PepTalks, about this in today's episode of the Operations Room. We also cover: - How financing, valuations, and incentives work in private equity - What does a successful COO look like in PE-backed companies? How does that contrast versus VC-backed?   - How do VC-backed companies successfully ramp up headcount so quickly?  - How do you engage and motivate employees in PE-backed companies versus VC-backed? #COO #chiefoperatingofficer #privateequity #venturecapital

Bain Capital and Reverence Capital Partners acquire Envestnet, Inc for $4.5 billion #Bain Capital and #Reverence Capital announce their agreement to acquire #Envestnet, a leading #fintech provider of wealth management technology and data, in a deal valued at $4.5 billion. This acquisition, supported by a consortium of minority investors including BlackRock, Fidelity Investments, Franklin Templeton Investments, and State Street Global Advisors, underscores the significant value and potential of Envestnet’s platform. Founded in 1999, Envestnet’s software and data solutions are integral to wealth managers and banks, managing over $6 trillion in assets and nearly 20 million accounts. The platform is widely used by more than 109,000 financial advisors and is trusted by 16 of the 20 largest banks in the US, as well as 48 of the 50 biggest wealth management and brokerage firms. This broad adoption highlights Envestnet’s critical role in the financial services industry. The agreement, unanimously approved by Envestnet’s board, will provide shareholders with $63.15 in cash per share, and the deal is expected to close in the fourth quarter. This strategic move is poised to enhance Envestnet’s growth trajectory and expand its innovative offerings under the new ownership structure. Phil Loughlin, partner at Bain Capital, praised Envestnet’s industry-leading platform and its deeply connected ecosystem. He emphasized the importance of Envestnet’s technology and data capabilities in powering the businesses of major wealth management firms, registered investment advisors (RIAs), and broker-dealers. Marvin L., also a partner at Bain Capital, expressed enthusiasm about collaborating with Envestnet’s experienced leadership team to support their growth strategy. This includes both organic growth and strategic acquisitions, with plans to make further investments in Envestnet’s unique product offerings to deliver enhanced value to customers and partners. The article on Finextra in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

Preparation is what separates a focused meeting from a futile one. Sounds obvious but not always easy to do! The corporate team at Fieldfisher has advised on a strategic growth investment for the people who can make this easier for you: Board Intelligence. #AI #Tech #EnterpriseSoftware #PrivateEquity #GrowthEquity #Investment #BoardManagement #Collaboration

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