US investment adviser Financial Engines and Hellman & Friedman are to merge, with Financial Engines being acquired by funds affiliated to the latter's majority owner, Financial Engines' . The deal is expected to close in Q3 the year ended December 31, 2017 , with Edelman shareholders being offered $ 45 per share for the transaction. The acquisition is subject to shareholder and regulatory approval. Founded in 1996, Financial Engines uniquely leverages proprietary technology and a network of advisors to deliver a broad range of financial planning and investment advice to investors through nationwide advisor centers and employees at their workplace. Edelman is a specialist in personal financial planning and education, and the deal values Financial Engines at 45 3bn.
US investment adviser Financial Engines and Hellman & Friedman are to merge, with Financial Engines being acquired by funds affiliated to the latter's majority owner, Financial Engines' . The deal is expected to close in Q3 the year ended December 31, 2017 , with Edelman shareholders being offered $ 45 per share for the transaction. The acquisition is subject to shareholder and regulatory approval. Edelman is a specialist in personal financial planning and education, and the deal values Financial Engines at 45 3bn.