Lincoln Financial Enters Strategic Partnership with Bain Capital
Deal News | Apr 09, 2025 | Ropes & Gray
Bain Capital, a global private investment firm, has announced a strategic partnership with Lincoln Financial, acquiring a 9.9% ownership stake for $825 million. This significant investment, facilitated by Ropes & Gray, is set to foster a 10-year, non-exclusive strategic investment management relationship between Bain Capital and Lincoln Financial, where Bain becomes an asset management partner across various asset classes. Ropes & Gray's involvement included a skilled team of partners specializing in mergers and acquisitions, finance, asset management, and tax, signaling the strategic and comprehensive nature of this deal. Bain Capital, founded in 1984, boasts a robust global presence with $185 billion in assets under management.
Sectors
- Financial Services
- Private Equity
- Legal Services
Geography
- United States – Both Bain Capital and Lincoln Financial are likely headquartered in the U.S., and the strategic partnership pertains to investment and asset management activities within the country.
Industry
- Financial Services – The article discusses a strategic partnership between Bain Capital and Lincoln Financial in the financial services sector, focusing on life insurance, annuities, and asset management.
- Private Equity – This pertains to Bain Capital, a prominent private equity firm acquiring a stake in Lincoln Financial, indicating investment activity typical within this industry.
- Legal Services – Ropes & Gray, the legal advisor on this transaction, operates within this industry providing M&A, finance, and asset management legal services.
Financials
- $825 million – The total consideration for Bain Capital to acquire a 9.9% ownership stake in Lincoln Financial.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lincoln Financial | Target Company | Company | A provider of life insurance, annuities, and workplace benefits involved in a strategic partnership with Bain Capital. |
| Bain Capital | Bidding Company | Company | A global private investment firm acquiring a 9.9% stake in Lincoln Financial and engaging in an asset management partnership. |
| Ropes & Gray | Legal Advisor | Company | A law firm advising Bain Capital in the acquisition and strategic partnership with Lincoln Financial. |
| Thomas Fraser | M&A Partner | Person | A partner at Ropes & Gray specializing in mergers and acquisitions, involved in the transaction. |
| Patricia Lynch | Finance Partner | Person | A finance partner at Ropes & Gray involved in the transaction. |
| Jane Rogers | Finance Partner | Person | Another finance partner at Ropes & Gray, also involved in the transaction. |
| Peter Laybourn | Asset Management Partner | Person | A partner at Ropes & Gray specializing in asset management, involved in the transaction. |
| Justin Kliger | Asset Management Partner | Person | Another asset management partner at Ropes & Gray, participating in the transaction. |
| Jim Brown | Tax Partner | Person | A tax partner at Ropes & Gray involved in the transaction. |