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.
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 is a specialist in personal financial planning and education, and the deal values Financial Engines at just over $3bn.