Until then, you can set up loan payments with Aqua Finance. Aqua Finance, Inc. provides servicing and collection letters in Spanish. Forward-looking statements within this press release include, but are not limited to, statements regarding future growth prospects and financial performance. Newfi Lending was formed in 2014 and is based in Emeryville, California. In fact, its cheap compared to neighboring York Water (NSDQ: YORW) selling at 40 times. Aqua Finance, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. For Apollo and Athene, Aqua is highly complementary to our portfolio of diversified origination platforms, extending our access to quality consumer loan flow., Menes Chee, a Senior Managing Director at Blackstone, and C. C. Melvin Ike, a Principal at Blackstone, said, We are pleased to have backed Aqua, Rich, and his management team as they built a strong financial technology platform serving customers across the country. The recent acquisition is thus a strategic fit for Athene.Athene boasts an impressive inorganic growth, which has been driven by several buyouts and block reinsurance transactions with several companies. (FS) Athene and Apollo to acquire a majority stake in Aqua Finance from Blackstone at a $1bn valuation. We help dealers finance critical water purification and filtration systems. The companys proposed DELCORA acquisition would be the largest water and wastewater deal in state history, if the Pennsylvania Public Utility Commission approves as expected. But rather than a means to cross-sell indexed annuities to consumers borrowing funds to pay for kitchen remodeling or vice versa, the pairing of Athene and Aqua Finance offers a further boost to the acquirer's already significant access to differentiated investments. (FS). Life insurers such as Transamerica Corp., American General Corp., Prudential Insurance Co. of America and the predecessor to Principal Financial Group Inc. all maintained significant consumer lending and/or residential mortgage operations during at least part of the 1990s, most of which they later sold in whole or in part as the notion of financial services convergence fell out of favor.
/marketintelligence/en/news-insights/latest-news-headlines/athene-s-1b-aqua-finance-buy-evokes-a-bygone-era-but-furthers-a-modern-strategy-67897095 Your loan payments will be made to Connexus. On January 1, 2022, we closed the merger with Athene in an all-stock transaction. Aqua Finance withdrew funds for a pool loan on 12/14/22 and withdrew again 12/28/22 without authorization. If it does not match, or if you have any questions or concerns, please call our Account Servicing Dept at 800-234-3663 option 4 ext 6091. Ventia Services is a provider of infrastructure services in Australia and New Zealand. This is Apollo Global Management's 7th and Athene's 3rd transaction in the Financial Services sector. Since credit unions are owned by their members, this account represents your ownership in Connexus Credit Union. We do this by using extraordinary people and flexible capital to help companies solve problems. Pending the . The global Aqua Ammonia market size was valued at USD 611.15 million in 2022 and is expected to expand at a CAGR of 2.37% during the forecast period, reaching USD 703.29 million by 2028. To learn more, please visit www.apollo.com. GB Group completed the acquisition of Acuant for $736m. . Aqua Finance estimates originations to reach $2 billion in 2021.The addition of Aqua Finance will boost Apollos $80 billion annual run-rate of asset origination across commercial and consumer lending platforms. However, Connexus offers some of the nations highest deposit yields and competitive loan rates. Click to get this free report Arthur J. Gallagher & Co. (AJG) : Free Stock Analysis Report Brown & Brown, Inc. (BRO) : Free Stock Analysis Report Apollo Global Management, Inc. (APO) : Free Stock Analysis Report Athene Holding Ltd. (ATH) : Free Stock Analysis Report To read this article on Zacks.com click here. All Rights Reserved, This site is protected by reCAPTCHA and the Google. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Once the loan is paid off, we will be happy to close your account and send you the remaining balance, if you choose. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. To ensure you're accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. The company's financial sponsor support through meaningful equity funding of acquisitions helps to somewhat mitigate the integration, leverage and cash flow risks of the transactions, and the. Looking to live your dream without the worry of how to fund it? Aqua Finance employees rate the overall compensation and benefits package 3.5/5 stars. And thanks to the wealth-compounding power of dividend reinvestment, my Aqua shares are worth almost 14 times what I initially put in. Enter your Account Number and ZIP Code if you want to make a quick one-time paymentwithout accessing your online account. We are Your Financing Partner in Water Treatment, Home Remodeling & Improvements, HVAC, Marine, Powersports, RV and More. latest-news-headlines With $731 billion in assets under management, Blackstone is the worlds largest alternative investment firm. About AtheneAthene, through its subsidiaries, is a leading retirement services company with total assets of $224.4 billion as of September 30, 2021 and operations in the United States, Bermuda, and Canada. Access our detailed step-by-step instructions on how to use PayNearMe. Click here to access the New Mexico Informational Brochure for Consumers including important information about terms and definitions in credit transactions as required by New Mexico law. Contact us at [emailprotected] or call our Customer Support Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irths software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. This is Apollo Global Managements 7th and Athenes 3rd transaction in the Financial Services sector. Microsofts Satya Nadella sells half of his shares in the company. Aqua Finance, Inc. Financial Services Wausau, WI 2,275 followers Aqua provides flexible financing programs to dealers, contractors, and retailers so families can realize their dreams. S&P Global Market Intelligence estimates that U.S. property and casualty and life insurers purchased in the primary and secondary markets $450.7 million in Aqua Finance paper between Nov. 17, 2017, and Sept. 30, 2021, including $105.9 million from the 2021-A transaction. What might appear to casual industry observers as an unusual marriage from an operational standpoint makes perfect sense in a financial context in the current environment. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. Subscribe to a Daily Review. (FS). 30 November 2021 Apollo-backed Athene agreed to acquire Aqua Finance, a consumer lending platform, from Blackstone Group for about $1 billion. Bluebell asked Glencore to separate its coal business. (FS). Athene was formed in 2008 and is based in Pembroke, Bermuda. (FS). Register your account to set up automatic payments (Autopay) or make a one-time payment through PayNearMe. We also accept payments using the Faster Payment Service. Athene does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. 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. Previously, . With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. For Apollo: Investors:Noah GunnGlobal Head of Investor Relations(212) 822-0540IR@apollo.com, Media:Joanna RoseGlobal Head of Corporate Communications(212) 822-0491Communications@apollo.com, For Athene: Investors:Alex Pelzar+1 646 768 7316apelzar@athene.com, Media:Marcia Kent+1 515 342 3918mkent@athene.com, For Blackstone:Matt AndersonMatthew.Anderson@blackstone.com518-248-7310. We believe the combination will accelerate growth through fully aligning both companies' respective strategies and employee incentives, while strengthening our combined capabilities as a capital solutions provider. BROs solid earnings have allowed it to expand its capabilities, with the buyouts extending its geographic footprint.Shares of Athene have gained 95.3% year to date compared with the industrys 1.6% increase. Want the latest recommendations from Zacks Investment Research? Apollo's geographic coverage spans Europe, North America, and Asia. We do not have an automated system to take payments . 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. esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. As per the terms of the deal, the investment will be managed by Apollo on behalf of Athene. But at the end of the day, the deal closed without significant new conditions and after Peoples secured an amicable rate deal. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. If it does not match, or if you have any questions or concerns, please call our Account Servicing Dept at 800-234-3663 option 4 ext 6091. That point is best demonstrated by the drop in yield to maturity for its bonds of May 2049, from roughly 4.3 percent when they were issued in late April 2019 to just 3.5 percent this past week. We work with dealers and contractors to put owning a pool or hot tub within reach. In the last decade, we&rsquo,ve expanded our reach to serve more markets including solar, marine, RV, medical and more. Tagged: Ali Habhab Andr Rouillard Andrew Colao Angel Torres Apollo Global Management Athene Holding Ltd. Blackstone Brett Valentyn Christopher Machera Hillel Jacobson Jenna McBain Jonathan Blackburn Karim Pirani Lauren Gallagher Marie-Marie . Nowadays, it has over 350,000 active customers, and the total portfolio exceeds $2.8B. This is Apollo Global Managements 82nd and Athenes 7th transaction in the United States. 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