Bain Capital, an American private investment firm, and Reverence Capital, a private investment firm, agreed to acquire Envestnet, an American financial technology corporation, for $4.5bn. "This is a great outcome for Envestnet's clients and employees, and one that maintains its entrepreneurial spirit. Envestnet is exceptionally well-positioned to continue to build a gateway to the future of financial advice. I couldn't be more excited about the company going forward, its continued success and ability to serve more advisors – enabling them to deliver more holistic financial advice," Bill Crager, Envestnet Co-Founder.