Bain Capital Announces $4.5 Billion Acquisition of Envestnet

Ropes & Gray represented Bain Capital in a definitive agreement to acquire Envestnet for $4.5 billion. Envestnet is a leading provider of integrated technology, intelligent data and wealth solutions. The transaction was announced in a press release on July 11.

Bain Capital is one of the world’s leading private multi-asset alternative investment firms with offices on four continents, more than 1,750 employees and approximately $185 billion in assets under management.

The Ropes & Gray team included private equity partners Will Shields, David Hutchins and Jessica Cooney, mergers & acquisitions partners Thomas Holden and Thomas Fraser, finance partners Scott Rolnik and Byung Choi, asset management partners Jessica Reece, Brynn Rail, and Greg Davis, litigation & enforcement partners Dan McCaughey, Jonathan Klarfeld, Ama Adams, Nick Berg and Martin Crisp, executive compensation & employee benefits partners Renata Ferrari and Josh Lichtenstein, data, privacy & cybersecurity partner Ed McNicholas, tax partner Pamela Glazier, IP transactions partner Erica Han, employment partner Megan Bisk, and business restructuring partner Ryan Dahl.