Apollo (APO) and Athene (ATH) Acquire Majority Stake in Aqua Finance at $1B Value
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Athene and Apollo to Acquire Majority Stake in Fast-Growing Consumer Lending Platform Aqua Finance at Valuation of Approximately $1 Billion
November 29, 2021 4:30 PM ESTBlackstone to Maintain Minority Investment in Aqua Finance
Specialist Platform on Track to Originate $2 Billion of Loans in 2021
NEW YORK, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Athene (NYSE: ATH) and Apollo (NYSE: APO) today announced that Athene has agreed to acquire a controlling stake in Aqua Finance (Aqua or the Company), a fast-growing consumer lending platform, from funds managed by Blackstone Tactical Opportunities (Blackstone) at a valuation of approximately $1 billion. Under the terms of the transaction, Apollo will manage the investment on behalf of... More
