SelectQuote hits 3-year high on $350 million investment from Bain Capital, Morgan Stanley

Selectquote

11/02/2025 18:46

** Shares of term life sales agency SelectQuote  SLQT.N 
jump as much as 56.6%, hitting their highest since three years
    ** Stock last up 27.7% at $5.59
    ** SLQT announced $350 million investment from funds managed
by Bain Capital, Morgan Stanley Private Credit and Newlight
Partners late on Monday
    ** Deal allows SLQT to bolster its healthcare service
business and fortify its balance sheet
    ** Jefferies and Wachtell, Lipton, Rosen & Katz advised
SelectQuote in the transaction
    ** Shares of SLQT more than doubled in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))