Bain Capital to acquire a 9.9% stake in Lincoln Financial for $825m.

Bain Capital, a global investment firm, agreed to acquire a 9.9% stake in Lincoln Financial, a financial services company, for $825m. “Today’s announcement marks a pivotal milestone for Lincoln and highlights our commitment to delivering long-term value for our stakeholders. This partnership aligns us with a highly reputable organization whose powerful platform and shared values and goals will enable us to accelerate the execution of our strategy. We are extremely pleased with the strategic and financial benefits of our mutual capabilities and believe this partnership positions us for future success," Ellen Cooper, Lincoln Financial Chairman, President and Chief Executive Officer.