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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.
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