Lincoln Financial in its $825 million strategic growth investment from Bain Capital
Lincoln Financial (NYSE: LNC) today announced a long-term strategic partnership with Bain Capital. Lincoln and Bain Capital entered into a definitive agreement for the sale of a 9.9% equity stake in Lincoln National for $825 million. As part of the transaction, Lincoln and Bain Capital have agreed to enter into a 10-year, non-exclusive strategic investment management relationship.
Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Lincoln Financial.