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New Deal


Announced

Completed

Antarctica Capital completed the acquisition of Midwest for $100m.

Financials

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Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium97%
One Off Charge-

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annuity products

Friendly

Diversified Financials

United States

Majority

Domestic

Public

financial services

Acquisition

Private Equity

Single Bidder

Completed

Synopsis

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Antarctica Capital, an international investment firm, completed the acquisition of Midwest, a technology-driven life and annuity platform, for $100m. "Today marks the beginning of a new chapter for Midwest, and we are excited to work with the Antarctica team to fully capitalize on our market opportunity and drive future growth. This transaction was made possible by the outstanding contributions of our employees and partners, and we look forward to collaborating with Antarctica to grow and create further value for policyholders," Georgette Nicholas, Midwest CEO.

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