M&A Deal Summary

Bain Capital Private Equity Acquires Envestnet

On July 11, 2024, private equity firm Bain Capital Private Equity acquired software company Envestnet for 4.5B USD

Acquisition Highlights
  • This is Bain Capital Private Equity’s 16th transaction in the Software sector.
  • This is Bain Capital Private Equity’s 12th largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 124th transaction in the United States.
  • This is Bain Capital Private Equity’s 9th transaction in Pennsylvania.

M&A Deal Summary
Date 2024-07-11
Target Envestnet
Sector Software
Buyer(s) Bain Capital Private Equity
Deal Type Going Private
Deal Value 4.5B USD
Advisor(s) Morgan Stanley (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Envestnet

Berwyn, Pennsylvania, United States
Envestnet is a provider of technology-enabled products and services for financial advisors. The company's technology enhances advisor productivity and strengthens the wealth management process. It empowers enterprises and advisors to more fully understand their clients and deliver better outcomes. Envestnet was founded in 1999 and is based in Berwyn, Pennsylvania.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 233 of 235
Sector (Software) 16 of 16
Type (Going Private) 23 of 23
State (Pennsylvania) 9 of 9
Country (United States) 124 of 124
Year (2024) 6 of 8
Size (of disclosed) 12 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-08 Archwest Capital

Irvine, California, United States

Archwest Capital is a direct lender focused on providing business purpose financing secured by residential, multifamily, mixed-use and commercial properties. Archwest Capital is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Bugaboo

Amsterdam, Netherlands

Bugaboo designs strollers and parenting solutions, helping families create endless moments of fun and discovery every step of the way. The company's products include strollers, car seats, travel cots, and accessories. Bugaboo was founded in 1999 and is based in Amsterdam, Netherlands.

Sell -
Mergr

Product

Company

Legal