Bain and Carlyle lock horns over $7bn Wealth Enhancement takeover
Bain Capital and Carlyle Group are the final bidders for Wealth Enhancement Group, a Minneapolis‑based wealth‑management platform with about $160 bn in client assets. The $7 bn deal – including debt – would be one of the largest private‑equity takeovers of a U.S. RIA, underscoring the sector’s hot‑money and likely spurring further consolidation.