Carlyle and Bain Capital are competing to acquire Wealth Enhancement, a US wealth management platform overseeing nearly $160bn in client assets, in a deal that could value the business at approximately $7bn including debt, according to a report by the Financial Times.
The two private equity firms are the final bidders in a sale process launched by Wealth Enhancement’s current owners, TA Associates and Onex, according to people familiar with the matter.
The process is at an advanced stage, althou...
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