InsideArbitrage Potential Deal Alert: Software Vendor Envestnet (ENV) Explores Sale

POTENTIAL DEAL DETAILS

According to Reuters, Envestnet (ENV), a U.S. software vendor with a market value of about $3.5 billion, is exploring options that could include a potential sale after receiving takeover interest.

Envestnet is working with investment bank Morgan Stanley to engage with potential acquirers.

Envestnet Investor Relations

Previously, in 2022, Bloomberg reported that Envestnet explored options after receiving takeover interest.

Update(s):

May 23, 2024: According to Bloomberg, Envestnet (ENV) is drawing takeover interest from buyers including Advent International and GTCR. Envestnet has been working with a financial adviser to explore options.

July 8, 2024: According to Reuters, private equity firm Bain Capital is nearing a deal to acquire Envestnet (ENV). An agreement with Bain could be announced as soon as this week and would value Envestnet close to its current stock price.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.