Kuvare Acquires Lincoln Benefit Life Company

Equity Bancshares Agrees to Acquire Lincoln Bancorp and Lincoln Savings Bank

September 3, 2026

Financial Services

Equity Bancshares entered into a definitive merger agreement to acquire Lincoln Bancorp for approximately $123.8 million, adding 16 Iowa locations to its franchise. Lincoln shareholders will receive approximately 77.5% of the consideration in Equity stock and 22.5% in cash; the merger is expected to close in the fourth quarter of 2026, subject to approvals and customary closing conditions.

Bain Capital to Acquire 9.9% Stake in Lincoln Financial for $825 Million

April 9, 2025

Financial Services

Bain Capital will acquire a 9.9% equity stake in Lincoln Financial (via Lincoln National Corporation) for $825 million in an all-cash transaction. The parties also agreed to a 10-year, non-exclusive strategic investment management relationship, with Bain becoming an investment manager across multiple asset classes to provide growth capital and value creation support.

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.

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.

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.

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.