M&A Deal Summary

Antarctica Capital Acquires Midwest Holding

On May 1, 2023, asset manager Antarctica Capital acquired insurance company Midwest Holding for 100M USD

Acquisition Highlights
  • This is Antarctica Capital’s 1st transaction in the Insurance sector.
  • This is Antarctica Capital’s largest (disclosed) transaction.
  • This is Antarctica Capital’s 4th transaction in the United States.
  • This is Antarctica Capital’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2023-05-01
Target Midwest Holding
Sector Insurance
Buyer(s) Antarctica Capital
Deal Type Going Private
Deal Value 100M USD

Target

Midwest Holding

Lincoln, Nebraska, United States
website
Midwest Holding is a unique cross-disciplinary team of insurance, technology, and investment professionals building innovative businesses at the intersection of insurance and technology. Its mission is to advance the insurance value chain with technology and services that reduce cost, increase value, and provide a better experience for partners and customers. Midwest Holding was founded in 2003 and is based in Lincoln, Nebraska.

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Buyer(S) 1

Buyer

Antarctica Capital

website

Category Asset Manager
Size Small
Type Sector Agnostic
DESCRIPTION

Antarctica Capital LLC is a global investment firm dedicated to investments in infrastructure, real estate, and financial services. Antarctica Capital is based in New York City with additional offices in Los Angeles, Mumbai, and London.

DEAL STATS #
Overall 4 of 4
Sector (Insurance) 1 of 1
Type (Going Private) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-04 Descartes Labs

Santa Fe, New Mexico, United States

Descartes Labs was founded on the belief that planetary knowledge has the power to radically alter how companies, governments, and nonprofits understand their relationship to the world's physical systems. The Company possesses decades of experience working on some of our nation's most difficult problems, with expertise in large-scale computing, artificial intelligence, and satellite imagery. As a geospatial intelligence company, Descartes Labs helps organizations benefit from the scientific analysis of observable, physical world events. Descartes' SaaS platform enables custom signal development and its packaged analytics solutions create new sources of operational advantage and sustainability for customers across Agriculture, Consumer Goods, Mining, and Government. The Company also supports US federal government efforts to curate, analyze and provide unique actionable insights from geospatial data. Descartes Labs was founded in 2014 and is based in Santa Fe, New Mexico.

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