Bain and Reverence to acquire Envestnet for $3.5 billion

Bain Capital and Reverence Capital Partners have agreed to a deal to take asset management software provider Envestnet Inc. private. The firms will buy Berwyn, Pennsylvania-based Envestnet for $63.15 a share, according to statements Thursday that confirmed an earlier Bloomberg News report. The offer values ​​Envestnet at $3.5 billion on a stock basis. (…)