M&A Deal Summary

Edelman Financial Engines Acquires The Mutual Fund Store

On November 5, 2015, Edelman Financial Engines acquired financial services company The Mutual Fund Store from Warburg Pincus for 560M USD

Acquisition Highlights
  • This is Edelman Financial Engines’ 1st transaction in the Financial Services sector.
  • This is Edelman Financial Engines’ largest (disclosed) transaction.
  • This is Edelman Financial Engines’ 1st transaction in the United States.
  • This is Edelman Financial Engines’ 1st transaction in Kansas.

M&A Deal Summary

Date 2015-11-05
Target The Mutual Fund Store
Sector Financial Services
Buyer(s) Edelman Financial Engines
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition
Deal Value 560M USD

Target

The Mutual Fund Store

Overland Park, Kansas, United States
The Mutual Fund Store is an independent fee-based investment advisory business with owned and franchised locations across the United States, collectively managing over $9.0 billion in assets for retail clients.

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Buyer(S) 1

Buyer

Edelman Financial Engines

Santa Clara, California, United States

Category Company
Founded 1986
Sector Financial Services
Revenue 311M USD (2015)
DESCRIPTION

Edelman Financial Engines is a financial planning and investment management firm. Edelman Financial Engines was founded in 1986 and is based in Santa Clara, California.


DEAL STATS #
Overall 1 of 10
Sector (Financial Services) 1 of 5
Type (Add-on Acquisition) 1 of 9
State (Kansas) 1 of 1
Country (United States) 1 of 9
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 The Edelman Financial Group

Houston, Texas, United States

Edelman Financial Services provides financial planning and investment management services to more than 28,000 individuals and families and manages more than $15 billion in assets.(2) The firm also provides 401(k) plans and institutional investment management for businesses.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 125 of 251
Sector (Financial Services) 8 of 19
Type (Add-on Acquisition) 49 of 90
State (Kansas) 1 of 1
Country (United States) 79 of 137
Year (2015) 17 of 20
Size (of disclosed) 34 of 63
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-26 Interactive Data

Bedford, Massachusetts, United States

Interactive Data Corporation is a provider of financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to the company's fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics,desktop solutions and web-based solutions. Interactive Data’s offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has over 2,400 employees in offices worldwide.

Sell $5.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-12 RegionalCare Hospital Partners

Brentwood, Tennessee, United States

RegionalCare Hospital Partners is an owner and operator of regional acute care facilities. RegionalCare Hospital Partners is based in Brentwood, Tennessee.

Sell -