Hellman & Friedman to Acquire Financial Engines

April 30, 2018

On April 30, 2018, Hellman & Friedman announced that it had agreed to acquire Financial Engines.

Hellman & Friedman (“Hellman”) will acquire Financial Engines in an all-cash transaction where it will pay Financial Engines shareholders $45 per share in cash for an aggregate value of approximately $3.02 billion. The price per share represents a more than 41 percent premium above the trailing 90-day volume weighted average stock price. The agreement was unanimously approved by Financial Engines’ board of directors. As part of the agreement, Financial Engines will be combined with Edelman Financial Services (“Edelman”) of which Hellman owns a majority interest. The transaction is expected to close in the third quarter of 2018, subject to approval by Financial Engines stockholders, regulatory approval, and other customary closing conditions.
Hellman is a private equity investment firm. The firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including financial services, software, business & information services, healthcare, internet & media, retail consumer, and industrials and energy.

Financial Engines (NASDAQ:FNGN) is an investment advisor delivering a broad range of financial planning and investment advice to investors through nationwide advisor centers and employees at their workplace. Financial Engines has $169 billion in assets under management.

Edelman is a financial planning firm providing financial planning and investment management services. Edelman has more than $21.7 billion in assets under management.

Sandler O’Neill + Partners, L.P. served as financial advisor to Financial Engines in this transaction. Deutsche Bank Securities was joint bookrunner of committed financing for Hellman & Friedman in connection with the transaction.

To read the press release: please click here.


Investment Manager M&A, Transactions