Media Coverage
Source: Law360
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
03.13.17
With counsel from a team of Pillsbury lawyers, Financial Engines closed an offering worth $182.2 million in which its largest shareholder, Warburg Pincus LLC, sold 4.1 million shares at $44.35 apiece.
Before the offering, Warburg’s 2015 purchase of The Mutual Fund Store in a $560 million deal had made them Financial Engines’ largest shareholder. With this offering closed, the private equity firm’s stake in Financial Engines is reduced to 6.4 percent, according to Law360.
Financial Engines was represented in the offering by Silicon Valley Corporate partner Davina Kaile and associate Khan Shing.