Kuvare Acquires Lincoln Benefit Life Company

Blue Owl Capital Acquires Kuvare Asset Management for $750 Million

June 22, 2024

Financial Services

Blue Owl Capital agreed to acquire Kuvare Asset Management (KAM) for $750 million, funded with a mix of cash and Blue Owl Class A common stock; the acquisition is expected to add up to $20 billion of AUM to Blue Owl and support the launch of Blue Owl Insurance Solutions. Separately, Blue Owl made a $250 million preferred equity investment in Kuvare to provide growth capital to Kuvare's insurance businesses; most KAM employees are expected to join Blue Owl at closing.

Bain Capital Takes 9.9% Stake in Lincoln Financial

April 9, 2025

Financial Services

Bain Capital will acquire a 9.9% equity stake in Lincoln National Corporation (Lincoln Financial) for $825 million via the purchase of approximately 18.8 million shares at $44.00 per share. The transaction establishes a 10-year strategic asset management relationship—with Bain serving as an investment manager across multiple private asset classes—and provides Lincoln with growth capital to advance its portfolio management and strategic priorities; closing is expected in the second half of 2025 subject to customary conditions.

King Insurance Partners Acquires Lincoln Insurance Group

August 6, 2024

Insurance

King Insurance Partners, a Gainesville, Florida-based insurance agency, has acquired Lincoln Insurance Group, an independent insurance agency in McDonough, Georgia. The deal expands King's presence in Georgia and adds Lincoln’s team and product expertise in personal and commercial insurance to King's service offerings.

Hilb Group Acquires Clark & Lavey Benefits Solutions, Inc. and InCap

November 30, 2021

Insurance

The Hilb Group acquired Clark & Lavey Benefits Solutions, Inc., including its medical captive solution InCap, effective November 1, 2021. The deal expands Hilb Group's employee benefits capabilities and increases its presence in New England; Hilb Group is a portfolio company of The Carlyle Group.

Brookfield Reinsurance Acquires American Equity Investment Life Holding Company (AEL)

May 2, 2024

Insurance

Brookfield Reinsurance (BNRE) entered into and expected to close its acquisition of American Equity Investment Life Holding Company (AEL), with the transaction expected to close after market on May 2, 2024. The deal brings AEL’s annuities and life insurance capabilities under Brookfield Reinsurance’s capital-solutions platform to expand liability-driven asset allocation and private asset management capabilities.

Wealth Enhancement Acquires L.M. Kohn & Company

December 6, 2025

Financial Services

Wealth Enhancement, a national independent wealth management firm, has acquired Cincinnati-based hybrid RIA L.M. Kohn & Company, which oversees more than $2.2 billion in client assets and employs 23 people. The deal closed on December 6, 2025 and increases Wealth Enhancement's total client assets to over $131 billion, while expanding its footprint across the Midwest and South.