Carlyle and Bain Capital are competing to acquire Wealth Enhancement, a US wealth management platform overseeing nearly $160bn in client assets, in a deal that could value the business at approximately $7bn including debt, according to a report by the Financial Times.
The two private equity firms are the final bidders in a sale process launched by Wealth Enhancement’s current owners, TA Associates and Onex, according to people familiar with the matter.
The process is at an advanced stage, althou...
Continue Reading
Sign up for FREE to read the full article and access 150K+ alternative investment headlines.
Alternative Investment News