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Announced

Completed

Athene completed the acquisition of a majority stake in Newfi from Warburg Pincus.

Financials

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

Tags

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Private Equity

Domestic

mortgage lending

Acquisition

Friendly

United States

Mortgage Finance

Private

Completed

Synopsis

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Athene, a retirement services company, completed the acquisition of a majority stake in Newfi, a technology driven multi-channel mortgage lender, from Warburg Pincus. The investment in Newfi will be managed by Apollo. Financial terms were not disclosed. "This move allows Newfi to combine its capital market expertise with Athene's balance sheet and deep knowledge in the mortgage space, accelerating Newfi's presence in single family lending," Steve Abreu, Newfi Founder and CEO.

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