Warburg to exit The Mutual Fund Store

Warburg Pincus has agreed to sell The Mutual Fund Store L.L.C. to Financial Engines for $560 million, including cash and stock. Overland Park, Kansas-based The Mutual Fund store is a registered investment advisor. Warburg will become Financial Engine’s largest stockholder with a roughly 12.5 percent stake once the transaction closes. DBO Partners acted as financial advisor to Financial Engines while JP Morgan advised Warburg.

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