Lincoln Financial Sells 9.9% Stake in Strategic Deal with Bain Capital
Deal News | Apr 08, 2025 | Wachtell, Lipton, Rosen & Katz
Lincoln Financial has announced a strategic partnership with Bain Capital, involving the sale of a 9.9% equity stake in Lincoln National to Bain Capital for $825 million. This marks the beginning of a long-term strategic relationship in investment management between the two entities. Under this agreement, Lincoln Financial and Bain Capital will engage in a 10-year, non-exclusive strategic investment management collaboration. This move is aimed at bolstering Lincoln Financial's growth prospects and enhancing its strategic position in the financial services sector.
Sectors
- Financial Services
- Private Equity
Geography
- United States – Both Lincoln Financial and Bain Capital are based in the US, with the transaction occurring within this geographical context.
Industry
- Financial Services – The transaction involves Lincoln Financial, a major player in the financial services industry, seeking to enhance its growth strategy through a partnership with Bain Capital.
- Private Equity – Bain Capital, a prominent private equity firm, is involved in acquiring a significant stake in Lincoln Financial, aligning with its investment strategy.
Financials
- $825 million – The purchase price for a 9.9% equity stake in Lincoln National by Bain Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lincoln Financial | Target | Company | A major financial services company involved in the transaction as the seller of the equity stake. |
| Bain Capital | Buyer | Company | A leading private equity firm purchasing a 9.9% equity stake in Lincoln Financial. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Served as legal advisor to Lincoln Financial in the transaction. |