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Hellman & Friedman completes acquisition of Financial Engines

Published 20 July 2018

Financial Engines, America’s independent investment advisor, and Hellman & Friedman, a private equity investment firm, announced the successful completion of the acquisition of Financial Engines by funds affiliated with Hellman & Friedman.

As part of the transaction, Financial Engines has been combined with Edelman Financial Services (“Edelman”), one of the nation’s largest independent financial planning and investment management firms. Hellman & Friedman owns a majority interest in Edelman. The acquisition was previously announced on April 30, 2018, and closed and became effective today.

Under the terms of the transaction, Financial Engines stockholders are entitled to receive $45.00 per share in cash. As a result of the completion of the acquisition, Financial Engines’ common stock ceased trading as of today on the NASDAQ Stock Market.

Sandler O’Neill & Partners, L.P. acted as financial advisor to Financial Engines, and Wachtell, Lipton, Rosen & Katz provided legal counsel to Financial Engines. Morgan Stanley, J.P. Morgan, Barclays, Deutsche Bank Securities Inc., and UBS Investment Bank acted as financial advisors to Hellman & Friedman and Simpson Thacher & Bartlett LLP provided legal counsel to Hellman & Friedman and Edelman.

With roots in Silicon Valley, Financial Engines is the nation’s largest independent investment advisor2. We believe that all Americans – not just the wealthy – should have access to high-quality, unbiased financial help and our client’s best interests should always come first.

 Today, more than 750 of the nation’s most respected employers trust Financial Engines to offer professional financial help to over ten million employees nationwide.

Source: Company Press Release