Can Envestnet 'Right the Ship' After $4.5B Bain Deal?

What You Need To Know

• The deal, for $3.5 billion in equity and $1.0 billion in debt, brings on BlackRock, Fidelity, Franklin Templeton, State Street and Reverence Capital as minority shareholders.
• The firm has pursued an aggressive acquisition strategy and must now contend with a number of mistakes it has made along the way, a consultant says.
• Assuming the deal closes, Bain can be expected to cut resources and make new investments into Envestnet.