Carlyle, Bain in race to buy Wealth Enhancement for $7bn

CG Carlyle and Bain Capital are competing to acquire Wealth Enhancement, a US Wealth management platform overseeing nearly $160B in client assets, in a deal that could value the business at approximately $7B including debt. by the Financial Times. The two private equity firms are the final bidders in a sale process launched by Wealth Enhancement's current owners, TA Associates and Onex, according to people familiar with the matter.