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

Reuters

02-12

BUZZ-SelectQuote hits 3-year high on $350 million investment from Bain Capital, <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a>

** 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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