Deal Roundup: Bain to buy into Envestnet at $4.5bn valuation, Nordic agrees Sensio deal

Bain Capital has agreed to buy into fintech business Envestnet at a $4.5bn valuation. Strategic partners BlackRock, Fidelity Investments, Franklin Templeton and State Street Global Advisors also committed to invest in the proposed transaction, and will hold minority positions on its completion. Envestnet manages over $6tn in assets and oversees nearly 20 million accounts. Phil …