Milan city win
(Reuters) – Private equity firm Bain Capital is close to a deal to acquire Investnet Inc., a U.S. financial software provider with a market value of about $3.5 billion, people familiar with the matter said on Monday.
If the talks go through, a deal with Bain could be announced as soon as this week, valuing Inficent at roughly its current share price, the people said. Inficent shares are hovering around $63.
The sources asked not to be identified because the matter is confidential. InvestNet and Bain did not immediately respond to requests for comment.
InvestNet provides technology tools for financial advisors and wealth managers. Its clients include more than 108,000 advisors, 16 of the 20 largest U.S. banks, and numerous wealth management and brokerage firms, according to its website.