Lincoln Financial and Bain Capital have announced the closing of a strategic partnership agreement initially unveiled on April 9, 2025. The partnership involves an $825 million investment from Bain Capital, resulting in a 9.9% equity stake in Lincoln. Lincoln issued 18,759,497 new common shares at $44.00 per share, a 25% premium to the recent average price. This capital will support Lincoln's strategic priorities, including enhancing its earnings, portfolio management, and life insurance offerings, while also aiding in achieving its financial targets. The partnership is expected to accelerate Lincoln's strategic execution and growth.
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