Deals
Software Firm Envestnet Draws Interest From Advent, GTCR
- Wealth software company is working with a financial adviser
- Investor interest in financial technology assets is booming
This article is for subscribers only.
Envestnet Inc., a provider of wealth-management software, is drawing takeover interest from buyers including Advent International and GTCR, according to people familiar with the matter.
The private equity firms are among suitors that have expressed interest in a deal, said the people, who asked to not be identified discussing confidential information. Berwyn, Pennsylvania-based Envestnet has been working with a financial adviser to explore options, they said.