.
MergerLinks Header Logo

Announced

Athene and Apollo to acquire a majority stake in Aqua Finance from Blackstone for $1bn.

Financials

Edit Data
Transaction Value£749m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Consumer Lending

consumer finance

consumer lending

Domestic

Majority

Pending

Acquisition

Disposal

Private

United States

Single Bidder

Friendly

Private Equity

Synopsis

Edit

Athene, a retirement services company, and Apollo Global Management, an investment firm, agreed to acquire a majority stake in Aqua Finance, a fast-growing consumer lending platform, from The Blackstone Group for $1bn. "Aqua Finance is an exciting opportunity for Athene to invest in a leading consumer finance platform, to provide capital and expertise to continue to grow the business, and to execute on our strategy with Apollo to invest in high-quality origination platforms," Jim Belardi, Athene CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US