Warburg Pincus picks up stake in H&F-backed Edelman Financial
March 16, 2021- Share:
Warburg Pincus has made a strategic investment in Edelman Financial Engines, a financial planning and investment management company. With the recapitalization, which values the company at $7.3 billion, Warburg will take a minority stake in Edelman, and managing director Michael Martin will join its board. Majority owner Hellman & Friedman first backed Edelman Financial Services in 2015. In 2018, the firm took Financial Engines private and merged the two companies to create the current entity.
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