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Announced

Completed

Aquarian Holdings completed the acquisition of a minority stake in Obra Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For43%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Domestic

United States

Property and Casualty Insurance

Acquisition

Single Bidder

Investment firm

Minority

Private

Completed

Synopsis

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Aquarian Holdings, a diversified holding company with interests in businesses including insurance, asset management, real estate, and technology, completed the acquisition of a minority stake in Obra Capital, an institutional asset manager focused on providing longevity-contingent investment solutions to institutions and individual investors. Financial terms were not disclosed. “This is an exciting milestone for Obra as we continue to build momentum around our core business and differentiated strategies to deliver strong returns for our clients. Obra has experienced tremendous growth over the last few years, and we are grateful for the support and resources that RedBird has added as we’ve carved a distinct position within our industry. We look forward to expanding our partnership with RedBird and to add Aquarian as a strategic partner as we continue to enhance our platform for long-term value creation for stakeholders,” Blair Wallace, Obra Capital President and CEO.

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