Articles tagged "Bain Capital Ventures"
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Envestnet shares climb after it drops 63-page bombshell disclosure about late $70 bid from competitor's board member before settling on $63.15 bid from Bain
The Berwyn, Pa., firm accepted the lower Bain offer ahead of ' Strategic Party A's' sweetened bid because the latter wanted 'several weeks' to procure cash and no part of 'Yodlee' unit
August 15, 2024 at 2:23 AM
Raising an eyebrow but no alarms, BlackRock again presses 'vertical integration' with RIA distribution, something GeoWealth seized upon in latest $18-million round
The $10-trillion manager, which has no salesforce, is 'powering flows' by allying, as vendor and owner, with RIA outsourcers like GeoWealth, after previous success with Envestnet and iCapital.
August 5, 2024 at 11:53 PM
Envestnet lands $4.5-billion deal to go private-- including nixing $900 million in debt -- with Fidelity and BlackRock sweetening the pot by joining the future ownership group
Bain brought in Reverence, which owns Osaic, and a bunch of asset managers to fund the deal it controls, and will appoint a new CEO later this year
July 11, 2024 at 10:05 PM
Corient could become an RIA deal-making machine again and pursue its ever elusive IPO, after CI Financial moves to wipe out its debt -- now if it can only find a deal
The Toronto parent's stock rises on announcement to sell notes on the private placement market, freeing Corient to leverage up and break a 7-month deal drought.
May 22, 2024 at 4:40 AM
CI Financial got just the $1 billion face value it wanted for a 20% RIA rollup stake but at a 14.5% PIK, experts warn the deal's terms are brutal
The Toronto owner of the US$140-billion AUM RIA rollup saw its IPO fizzle, but replaced it with a Bain-led deal with valuation sizzle but the new owners' risk is low and upside is exceptionally good, experts say
May 12, 2023 at 3:10 AM
Addepar, Aperio and Bain ex-execs throw $5 million at startup that makes RIAs the quarterback of 'impact investing' endowments that also shelter taxable wealth of ultra-high-net-worth clients
The high-profile, for-profit investors join non-profit foundations to back the Newton, Mass., venture that makes RIAs the pivotal role in marrying charity and ESG, yielding immediate, giant tax deductions.
August 24, 2021 at 2:09 AM
Eaton Vance leads a $40-million investment round in SigFig with an eye toward capturing some of its lightning to spark NextShares
For his millions, Eaton Vance's Tom Faust gets a seat at the SigFig table, which he hopes his firm can leverage
May 26, 2016 at 8:18 PM
An insider reveals turbo-contents of the In|Vest conference in New York, a summit of VCs, robo-founders and big banks
SigFig's Mike Sha talked Bank of the West, Motif's Hardeep called start-ups 'features' and the five-year number jumped to $2 trillion
