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'Bain Is Not Coming in Here to Cut': Envestnet Exec
Analysis July 12, 2024 at 02:18 PM
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What You Need To Know
- Bain is not focused on cuts but on helping the firm expand its position, says Tom Sipp, an EVP of Envestnet.
- Some observers have painted the deal as a sign of Envestnet's struggles, but that framing misses the bigger picture, he and two other executives argue..
- The firm was sold Thursday to Bain Capital and a group of minority investors for $4.5 billion.
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