Bain Capital to Buy Envestnet in $4.5bn deal

Bain Capital to Buy Envestnet in $4.5bn deal

Private-equity firm Bain Capital will buy Envestnet, in a $4.5bn deal, adding to its portfolio a financial software vendor that counts 16 of the 20 biggest U.S. banks among its customers.A cohort of investors, including Reverence Capital, BlackRock (BLK.N), opens new...