** 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;))
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