Software Firm Envestnet Reportedly Attracts Interest From Advent And GTCR
Portfolio Pulse from Benzinga Newsdesk
Software firm Envestnet has reportedly attracted acquisition interest from private equity firms Advent International and GTCR, according to Bloomberg.
May 23, 2024 | 1:34 pm
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Envestnet has reportedly attracted acquisition interest from private equity firms Advent International and GTCR, which could lead to a potential buyout.
The interest from Advent International and GTCR suggests a potential buyout, which typically leads to a short-term increase in stock price due to the premium offered in such deals.
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