Apollo (APO) and Athene (ATH) Acquire Majority Stake in Aqua Finance at $1B Value

Go back to Apollo (APO) and Athene (ATH) Acquire Majority Stake in Aqua Finance at $1B Value

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 EST

Blackstone 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