Financial Engines plans new debt for buyout by Hellman & Friedman

By Sara Rosenberg

New York, May 2 – Financial Engines, Inc. has received a commitment for debt financing to help fund its acquisition by Hellman & Friedman, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Other funds for the transaction will come from equity.

Under the agreement, Financial Engines is being bought for $45 per share in cash. The transaction has a total value of about $3.02 billion.

The company will then be combined with Edelman Financial Services, which is majority owned by Hellman & Friedman.

Closing is expected in the third quarter, subject to approval by Financial Engines stockholders, regulatory approval and other customary conditions.

J.P. Morgan, Barclays, Deutsche Bank Securities Inc. and UBS Investment Bank acted as financial advisers to Hellman & Friedman.

Financial Engines is a Sunnyvale, Calif.-based independent investment adviser. Edelman is an independent financial planning and investment management firm.

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