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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.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
