US investment adviser Financial Engines and Edelman Financial Services are to merge, with Financial Engines being acquired by funds affiliated to the latter's majority owner, Hellman & Friedman. Participants in the Solicitation The deal is expected to close in Q3 2018, with Financial Engines' shareholders being offered $45 per share for the transaction. The acquisition is subject to shareholder and regulatory approval. Edelman, which has been a major player in the financial services industry since its founding in 1969, will be renamed as F&F after the deal.
US investment adviser Financial Engines and Edelman Financial Services are to merge, with Financial Engines being acquired by funds affiliated to the latter's majority owner, Hellman & Friedman. The deal is expected to close in Q3 2018, with Financial Engines' shareholders being offered $45 per share for the transaction. The acquisition is subject to shareholder and regulatory approval. Edelman, which has been a major player in the financial services industry since its founding in 1969, will be renamed as F&F after the deal.