M&A Deal Summary

Envestnet Acquires Yodlee

On November 19, 2015, Envestnet acquired internet software and services company Yodlee from Warburg Pincus for 660M USD

Acquisition Highlights
  • This is Envestnet’s 1st transaction in the Internet Software and Services sector.
  • This is Envestnet’s largest (disclosed) transaction.
  • This is Envestnet’s 7th transaction in the United States.
  • This is Envestnet’s 2nd transaction in California.

M&A Deal Summary
Date 2015-11-19
Target Yodlee
Sector Internet Software and Services
Buyer(s) Envestnet
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition
Deal Value 660M USD
Advisor(s) Goldman Sachs (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Yodlee

Redwood City, California, United States
Yodlee, Inc. is a provider of cloud based innovative, reliable and secure technology solutions provider for financial institutions, portals and their customers.

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Buyer(S) 1

Buyer

Envestnet

Berwyn, Pennsylvania, United States
Category Company
Founded 1999
Sector Software
Revenue 1.2B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 7 of 15
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 6 of 12
State (California) 2 of 3
Country (United States) 7 of 15
Year (2015) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-06 Oltis Software

Tucson, Arizona, United States

Oltis Software LLC (dba Finance Logix) is a provider of financial planning and wealth management software solutions to banks, broker-dealers and RIA firms.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-10 Wheelhouse Analytics

West Chester, Pennsylvania, United States

Wheelhouse Analytics LLC is a technology company that provides data analytics, mobile sales solutions, and online education tools to financial advisors, asset managers and enterprises. Wheelhouse Analytics has created a set of solutions that empower financial services firms with tools to extract key business insights to run their business better and provide timely and focused support to advisors. Wheelhouse Analytics' innovative dashboards deliver segmentation analytics, multi-dimensional benchmarking, and practice pattern analyses that provide mission-critical insights to asset managers, enterprises and advisors.

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 127 of 251
Sector (Internet Software and Services) 6 of 14
Type (Add-on Acquisition) 50 of 90
State (California) 16 of 27
Country (United States) 81 of 137
Year (2015) 19 of 20
Size (of disclosed) 30 of 63
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 Vertice Pharma

New Providence, New Jersey, United States

Vertice Pharma is a specialty pharmaceuticals company focused on improving patients’ health. Vertice Pharma develops, manufactures, markets, and distributes high-quality and affordable pharmaceutical products through its operating companies. Vertice Pharma is based in New Providence, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-26 Network International Holdings

Dubai, United Arab Emirates

Network International comprises of a group of companies and is a leading enabler of digital commerce across the Middle East and Africa (MEA) region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services. Network International was founded in 1994 and is based in Dubai, United Arab Emirates.

Buy -
Mergr

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Company

Legal