Envestnet, Inc. Announces Exercise of Over-Allotment Option and Issuance of Additional Convertible Notes

CHICAGO--()--Envestnet, Inc. (NYSE:ENV) (the “Company”), a leading provider of unified wealth management technology and services to investment advisors and wealth managers, announced today that, in connection with the Company’s public offering of 1.75% convertible notes due 2019 (the “Notes”), the underwriters have exercised in full their option to purchase an additional $22.5 million aggregate principal amount of the Notes. The issuance of the additional $22.5 million aggregate principal amount of the Notes closed on December 18, 2014. The full exercise of the over-allotment option brings the total aggregate principal amount of the Notes sold in the public offering to $172.5 million.

Stifel, Credit Suisse and BMO Capital Markets acted as joint book-running managers, and Sandler O’Neill + Partners, L.P., Sterne Agee and William Blair acted as co-managers for the offering.

This announcement is neither an offer to sell nor a solicitation of an offer to buy the Notes (or the shares of the Company’s common stock into which the Notes are convertible), nor will there be any offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

The offering was made only by means of a prospectus supplement and accompanying prospectus. When available, you may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying prospectus may be obtained by contacting Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, California 94104, by telephone at (415) 364-2720 or by email to syndprospectus@stifel.com; or by contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037, or by email to newyork.prospectus@credit-suisse.com; or by contacting BMO Capital Markets Corp., Attention: Equity Syndicate Department, 3 Times Square, 27th Floor, New York, NY 10036, by telephone at (800) 414-3627 or by email to bmoprospectus@bmo.com.

Cautionary Statement

The statements in this release relating to the expected use of proceeds from the offering are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the anticipated use of the proceeds of the offering, which could change as a result of market conditions or for other reasons, and the impact of general economic, industry or political conditions in the United States or internationally. Factors that could cause such differences are described in the Company’s prospectus supplement and the Company’s periodic filings with SEC.

You are cautioned not to place undue reliance on the Company’s forward-looking statements, which speak only as of the date such statements are made. The Company does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this December 18, 2014 press release, or to reflect the occurrence of unanticipated events.

About Envestnet

Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better results.

Envestnet’s Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practice. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software.

Contacts

Envestnet, Inc.
Investor Relations
312-827-3940
investor.relations@envestnet.com
or
Media Relations
mediarelations@envestnet.com

Contacts

Envestnet, Inc.
Investor Relations
312-827-3940
investor.relations@envestnet.com
or
Media Relations
mediarelations@envestnet.com