Private equity giants chase $7bn take-private of Wealth Enhancement
Carlyle and Bain Capital are the final bidders to acquire Wealth Enhancement, a wealth-management platform with about $160 billion in assets, in a deal valued at roughly $7 billion including debt, as private-equity owners TA Associates and Onex seek exits amid a wave of RIAs consolidations and concerns about overinvestment and AI disruption in the sector.