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Reevemark represents Midwest Holding as the life insurer/annuity company is acquired by Antarctica Capital investment firm in an all-cash deal worth $100M.
The $27 per share offer is a 97 percent premium to Midwest’s closing pice at April 18.
Georgette Nicholas, Midwest CEO, said the transaction delivers a substantial cash premium to shareholders, while providing the company “the resources necessary to full capitalize on our platform, business momentum and market opportunity.”
The deal is expected to close during the second half of the year.
Midwest is based in Lincoln, NE. New York-headquartered Antarctica has about $1.5B in assets under management.
Reevemark’s Midwest team includes Paul Caminiti, founding partner; Nicholas Leasure, managing director; Jill Steinman and Davey Roberts, senior associates; and Kelsey Thomas, associate.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
