Could BlackRock Buyout Envestnet?

Posted on 11/27/2018

Index giant BlackRock, Inc. is investing capital into Chicago-based Envestnet, Inc. and could potentially take over the company at some point. BlackRock purchased an approximate 4.9% equity stake, approximately 2.36 million shares, in Envestnet for a purchase price of US$ 52.13 per share and an aggregate purchase price of approximately US$ 122.8 million. In addition, […]