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Stanton represents Bain Capital as it acquires Envestnet, provider of technology and services to the wealth management sector, in a deal valued at $4.5B.
Envestnet manages $6T in assets, 20M accounts and enables nearly 110K financial advisors to meet the financial goals of clients.
Phil Loughlin, partner at Bain Capital said Envestnet has “built an industry-leading platform that the largest wealth management firms, RIAs and broker-dealers rely on to power their businesses.”
Reverence Capital is participating in the Bain Capital transaction. BlackRock, Fidelity Investments, Franklin Templeton, and State Street Global Advisors have committed to invest in the proposed transaction, and will hold minority stakes.
Bain Capital’s acquisition, which is expected to be completed during Q4, will make publicly-traded Envestnet a private company.
Stanton’s Scott Lessne and Charlyn Lusk handle Bain Capital.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
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