Bain and Reverence to take Envestnet private at $4.5B

July 11 — Bain Capital agreed to take Envestnet (NYSE: ENV) private in a deal worth $4.5 billion including debt, the companies announced Thursday.

• Why it matters: The wealth management software company has faced waves of tumult since its former CEO died in a car crash in 2019.
• Go deeper: Read Thursday's newsletter, plus Thursday's Pro Rata on the VC market being under pressure.