Envestnet said to draw interest from Advent, GTCR, Bloomberg reports

Envestnet is drawing takeover interest from buyers including Advent International and GTCR, people familiar with the matter told Bloomberg’s Ryan Gould and Matthew Monks. The private equity firms are among suitors that have expressed interest in a deal for the provider of wealth-management software, according to the report. Reuters previously reported on April 16 that Envestnet was exploring options that could include a potential sale after receiving takeover interest.