Netronome Announces Acceleration of Data Plane Functions Based on the OPNFV Danube Software Platform; Spearheads Broad Community-Driven VNF Acceleration Initiative at OPNFV Mini-Summit
U.S. Government Bonds Soften
The private equity investment firm Madison Dearborn will pay $1.3 billion for NFP's stock, representing a 26% premium for NFP's shareholders.
U.S. Government Bonds Weaken
A National Financial Partners Corp. shareholder sued to block the firm's $1.3 billion sale to Madison Dearborn Partners LLC's, a Chicago-based private equity firm.
Wealth management services provider National Financial Partners Corp. said Monday that it would sell itself to private equity firm Madison Dearborn Partners LLC for about $1.01 billion.
Joe Duran and United Capital Financial Partners turn the equation on its head.
Wiser Financial Group joins broker-dealer formerly known as NFP Advisor Services.
"The smart money is coming in," said industry consultant Tim Welsh, president of Larkspur, Calif.-based Nexus Strategy, "and now we'll see how smart the smart money is. Can they wring efficiencies out of this model?"
In other M&A news, Envestnet completed its acquisition of Prudential WMS, and Madison Dearborn Partners completed its NFP deal.