Financial Engines to acquire The Mutual Fund Store

November 30, 2015

On November 5, 2015, Financial Engines Inc. agreed to acquire The Mutual Fund Store LLC, an independent registered investment advisor.

Financial Engines Inc. (“FE”) will acquire The Mutual Fund Store LLC (“MFS”) from global private equity firm Warburg Pincus LLC (“Warburg”). The total cash and stock consideration of the transaction is approximately $560 million, which includes $250 million in cash and 10 million shares of FE’s common stock. Warburg will own approximately 12.5% of FE’s common stock following the completion of the transaction, which will make it FE’s largest shareholder. Warburg’s managing director, Michael Martin, will also join FE’s board of directors upon the closing.

The transaction is expected to close during the first quarter of 2016 and is subject to regulatory approvals and customary closing conditions.

FE is an independent investment advisor founded in 1996. Warburg is a New York City-based private equity firm with over $35 billion in assets under management.

To read the press release: please click here.


Investment Manager M&A, Transactions