Envestnet to Go Private in $4.5 Billion Deal With Bain Capital

The firm faced a board challenge from an activist investor pushing it to cut costs last year, and it began a leadership transition when then-CEO Bill Crager said in January that he would step down from that role in April. For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter. 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, t ...