H&F to acquire investment adviser Financial Engines for $45 per share

Hellman & Friedman has agreed to acquire investment adviser Financial Engines for $45 per share in cash. The acquisition puts Financial Engines at a valuation of about $3.02 billion. Edelman Financial Services, which is backed by H&F, will merge with Financial Engines as part of the transaction. The deal is expected to close in the third quarter of this year. Sandler O’Neill & Partners L.P. provided financial advice to Financial Engines on the deal while UBS Investment Bank did likewise for H&F.

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