Simpson Thacher is advising Hellman & Friedman and Edelman Financial Services in connection with the announced potential acquisition of Financial Engines by funds affiliated with H&F in an all-cash transaction that values Financial Engines at an aggregate value of approximately $3.02 billion. Edelman will be combined with Financial Engines as part of the transaction. The transaction, which is expected to close in the third quarter of 2018, is subject to approval by Financial Engines stockholders, regulatory approval and other customary closing conditions.
With roots in Silicon Valley, Financial Engines is the nation’s largest independent investment advisor. Today, more than 750 of the nation’s employers trust Financial Engines to offer professional financial help to over ten million employees nationwide.
Edelman Financial Services is one of the nation’s largest independent financial planning firms providing financial planning and investment management services to over 35,000 individuals and families, and managing more than $21.7 billion in assets.
The Simpson Thacher team includes Atif Azher, Rich Capelouto, Naveed Anwar, Simon Chiu, Michael Deitch, Jay Higdon and Christine Ristow (M&A); David Rubinsky, Alisa Tschorke and Joo Hyun Lee (ECEB); Brian Steinhardt and Chance Goldberg (Credit); Jacqueline Clinton (Tax); Thomas Wuchenich, Robert Guo and Avi Herescu (Funds); David Blass (Regulatory); Marcela Robledo and Larry Huang (Intellectual Property); and Peter Thomas, John Goheen and Tomi Mendel (Antitrust).