Wealth technology provider Envestnet has officially become a private company. The firm announced Monday (Nov. 25) that it had closed its acquisition by affiliates of vehicles managed or advised by Bain Capital, a deal worth roughly $4.5 billion. “This represents an exciting new chapter in...
Wealth technology platform Envestnet plans to go private in a deal with Bain Capital. The company entered into a definitive agreement to be acquired by Bain Capital in a transaction that values Envestnet at $4.5 billion, the companies said in a Thursday (July 11) press...
Bain Capital is reportedly close to acquiring financial software provider Envestnet. If a deal is reached, it could be announced this week, Reuters reported Monday (July 8), citing unnamed sources. Reached by PYMNTS, both Bain Capital and Envestnet declined to comment on the report. Envestnet’s...
Blockchain-based technologies may one day change the worlds of finance and payments. But so far, they haven’t. At least, not in the sweeping and transformative manner that early proponents of Web3 and cryptocurrency at first promised. Still, each week, small advances are successively made across...
August 06, 2020
Japan’s history of mobile payments progress is one of the more curious stories in the field. The country was home to one of the world’s first mobile commerce innovations with the DotCoMo mobile wallet all the way back in 2004. And yet Japan remains a heavily cash-based economy, Darren Abrahamson, managing director of Bain Capital […]
October 21, 2019
The mood in the air at the start of the 2010s was different from the one that preceded the start of the 2000s. The shift from 1999 to 2000 was...
October 21, 2019
Recent weeks have seen headlines in the financial press heralding the death of unicorns — tech companies that are (or were) valued at $1 billion or more, that went public,...
November 25, 2024
Wealth technology provider Envestnet has officially become a private company. The firm announced Monday (Nov. 25) that it had closed its acquisition by affiliates of vehicles managed or advised by Bain Capital, a deal worth roughly $4.5 billion. “This represents an exciting new chapter in Envestnet’s history, paving the way for accelerated growth and building […]
July 11, 2024
Wealth technology platform Envestnet plans to go private in a deal with Bain Capital. The company entered into a definitive agreement to be acquired by Bain Capital in a transaction...
July 08, 2024
Bain Capital is reportedly close to acquiring financial software provider Envestnet. If a deal is reached, it could be announced this week, Reuters reported Monday (July 8), citing unnamed sources....
May 22, 2024
DocuSign is focused on building itself as an independent public company, according to the electronic signature platform’s CEO. Allan Thygesen made that pronouncement in an interview with CNBC published Wednesday (May 23), following...
