On April 9, 2025, Bain Capital and Lincoln Financial announced Bain Capital’s minority stake acquisition in Lincoln Financial.
Bain Capital (“Bain”) and Lincoln Financial (“Lincoln”) announced, on April 9, 2025, Bain’s acquisition of a minority stake in Lincoln. Bain will acquire a 9.9% ownership stake in Lincoln for an aggregate consideration of $825 million. Further terms of the transaction were not disclosed.
Bain, based in Boston, is a private investment firm investing across five focus areas, including private equity, growth and venture, capital solutions, credit and capital markets, and real assets. Bain has approximately $185 billion in assets under management.
Lincoln (NYSE: LNC), based in Radnor, Pennsylvania, is a financial services company offering annuities, life insurance, group protection, and retirement plan services. As of December 31, 2024, Lincoln had approximately $321 billion in end-of-period balances.
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