Apollo Global-backed Athene Holding to acquire Foundation Home Loans from Fortress Investment Group.

Apollo Global-backed Athene Holding, a financial services company, agreed to acquire Foundation Home Loans, a specialist UK mortgage lender, from Fortress Investment Group, a private equity firm. Financial terms were not disclosed. "This transaction continues our longstanding strategy of working with Apollo to identify and invest in attractive businesses which add direct origination asset sourcing capabilities to our alpha-generating investment portfolio. We believe our investment will help FHL achieve its full potential, while being a complementary addition to our expanding asset sourcing capabilities," Jim Belardi, Athene Chairman and CEO.