The history of M&A is packed with examples of acquiring companies losing their way after entering a new business. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. 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. I first discussed the Peoples acquisition when I recommended Aqua as a Conservative focus stock in the November 2018 issue of Conrads Utility Investor. Apollo's geographic coverage spans Europe, North America, and Asia. All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. But at the end of the day, the deal closed without significant new conditions and after Peoples secured an amicable rate deal. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. Index Ventures and ICONIQ led a $190m Series C round in Motorway. However, Connexus offers some of the nations highest deposit yields and competitive loan rates. Check out our rates. We make it easy for borrowers to manage their account online whenever they like quickly and securely. Aqua Finance employees rate the overall compensation and benefits package 3.5/5 stars. Published November 30, 2021 at 2:06 pm (Updated November 30, 2021 at 4:47 pm), 1. The Apollo slide deck listed consumer finance among various "whitespace" opportunities as it pursues greater diversity by asset class and geography. The purchase will be immediately accretive to Aquas earnings, adding a gas distribution franchise with annual rate base growth of 8 to 10 percent for the next few years. The real estate group will consider both equity and debt investments. Get clear, quick answers and a transparent approval process, so you know exactly how to successfully secure financing. We help families from coast-to-coast experience life to the fullest by making clean water, home renovations, and the great outdoors more affordable and accessible. Aqua Metals, Inc. (AQMS) Stock Forum & Discussion - Yahoo Finance Finance Home Watchlists My Portfolio Crypto Yahoo Finance Plus News Screeners Markets Videos Personal Finance Industries. Are T-Mobiles Earnings Set For A Boost In Q1? A translation of commonly used terms is available on the NYC Department of Consumer and Worker Protection website at nyc.gov/dca. To read this article on Zacks.com click here. Subscribe to a Daily Review. Read All. 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 IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio. 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. That reduced prospective deal financing costs. 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. UK competition regulator tells Facebook owner Meta to sell GIF maker Giphy. 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, said Jim Belardi, Chief Executive Officer of Athene. Athene is a life insurance holding company focused principally on the retirement market and whose business, through its subsidiaries, is focused primarily on issuing or reinsuring fixed and equity indexed annuities. Ardian and MidOcean-backed Florida Food Products to acquire Comax Flavors. Like the Aqua Finance deal, Foundation will be acquired by Athene under the terms of a July agreement and managed by Apollo post-closing. 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. Bluebell asked Glencore to separate its coal business. The Company has strong and growing merchant relationships formed over 30 years and has nearly doubled its annual loan originations since Blackstone first invested in 2018, with originations expected to reach $2 billion in 2021. 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. esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. AJGs merger and acquisition pipeline is quite strong with about $400 million revenues associated with nearly 50 term sheets either agreed upon or being prepared. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. My bank account was in the black until Aqua Finance caused this. 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. As per the terms of the deal, the investment will be managed by Apollo on behalf of Athene. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. +5.14%. We obtained a softener system through aqua water finance this account was sold to Connexus credit Union On our credit report it states that the account was closed December 31st 2019 paid 100%. And Aquas current valuation is very much in line with the rest of the group, including American Water Works (NYSE: AWK) at 34.2 times expected 2020 earnings. For more than three decades, Aqua has partnered with merchants to provide flexible consumer lending solutions, and with Athene we look forward to investing in the business and supporting the Aqua team to build on this success, said Apollo Co-President Jim Zelter. No, we have waived all savings account fees until your loan balance is paid off. 20-22 Wenlock Road London N1, 7GU England. Following regulatory approval of the Peoples merger, Aqua shares surged to a price more than 35 times expected 2020 earnings per share. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words believes, expects, intends, anticipates, plans, seeks, estimates, projects, may, will, could, might, should, or continues or similar expressions. Of that amount, $8.06 billion pertained to securitizations of unaffiliated assets where Apollo is the manager and $2.34 billion involved strategic investments in the Apollo direct origination platforms. (FS). Aqua Finance has. Think of us as your personal support team and feel free to call, email, or text our highly experienced analysts anytime you have questions or need help. 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. If youve arrived here from BillTrust, youve come to the right spot. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. The securitization program has attracted broad participation from within the insurance industry, though not yet from Athene. Athene and Apollo have agreed to merge, with the closing of the merger subject to approval by the shareholders in the two companies, the receipt of regulatory approvals and the satisfaction of other customary closing conditions. (FS), Athene and Apollo to acquire a majority stake in Aqua Finance from Blackstone at a $1bn valuation. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. Until then, you can set up loan payments with Aqua Finance. Novartis maintain an open attitude towards the future of Sandoz. Ammonia . The stake is to be acquired from funds managed by Blackstone Tactical Opportunities. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City. Sidley Austin LLP is serving as legal counsel to Apollo. 7-Day Free Trial. 2023 Aqua Finance, Inc. All rights reserved. (FS). You will need this member number to register for aDigital Banking accountwhere you can view and make payments on your loan. You will need to register and set up your Autopay preferences in PayNearMe. Nowadays, it has over 350,000 active customers, and the total portfolio exceeds $2.8B. Previously, . Our patient, creative, knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. For more information, please visit www.athene.com.About BlackstoneBlackstone is the worlds largest alternative investment firm. The company provides long-term operation, maintenance, and management of critical public and private assets and infrastructure across telecommunications, transport, local government, water, power generation, electricity, gas, healthcare, education, resources, and defense industries. Department at 800-234-3663, option 4, ext. Aqua Finance was formed in 1985 and is based in Wausau, Wisconsin. This Zacks Rank #2 (Buy) insurer expects that its inorganic growth channel will continue to be an important driver in the future.Given the insurance industrys adequate capital level, players like Arthur J. Gallagher & Co. AJG and Brown and Brown Inc. BRO are pursuing strategic mergers and acquisitions.Recently, Arthur J. Gallagher & Co. acquired Real Estate Insurance Solutions to consolidate its real estate portfolio. Those benefits may be individually incremental but collectively meaningful. To become a member of any credit union, you must have a savings account. Legal Affairs. Das Naes Unidas 14401, Torre Hotel Chcara Santo Antnio So Paulo, BR-SP. Because of this, it caused a NSF fee with my bank. The transaction is subject to the fulfilment of customary closing conditions, including certain regulatory approvals, and is expected to close in the first half of 2022. 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. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water . 2023 Aqua Finance, Inc. All rights reserved. To become a member of any credit union, you must have a savings account. Newfi Lending was formed in 2014 and is based in Emeryville, California. Newfi Lending is a national mortgage lender reshaping the borrowing experience through a combination of proprietary technology and product innovation. If you'd like to contribute to the future editions,drop us a line. Apollo will manage the investment on behalf of. |. Through this transaction, the new investor group expects to invest in new technology and innovation to further enhance the merchant customer experience and drive expansion of the network with new and existing partners. Franklins comments then have since proven equally on the mark, though developments have likely taken longer to unfold than he anticipated. Thats the highest multiple in the companys history and compares to a likely 8 to 10 percent post-merger growth rate. I am proud of the significant progress we have made in establishing Aqua as an industry leader together with Blackstone and look forward to building on that strong foundation in the years ahead.. Scarcity plus little real operating risk is why I plan to continue reinvesting my Aqua/Essential dividends, rather than selling. In the next 1-5 days, youll receive an important letter in the mail that will include your member number. Aqua provides financing solutions for consumers in multiple industries. The Company has strong and growing merchant relationships formed over 30 years. Market Intelligence Blackstone would also maintain a minority stake in the Company. Your loan payments will be made to Connexus. To ensure you're accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. Today, you can download 7 Best Stocks for the Next 30 Days. JP Morgan to back KKR's $51bn financing in TIM deal. Neither is the stock attractive for income now yielding just 1.85 percent. If you would prefer not to receive paper statements in the mail, heres how to subscribe to eStatements. His comments then have proven prescient, both for Aqua and the US water sector overall. Aqua Finance, Inc.s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. content BX. And Ive had the privilege of meeting with current CEO Chris Franklin, as well as several times with the architect of the companys three-decades-old growth through acquisitions strategy, Nicholas DeBenedictis. 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. Scroll down to read deal descriptions. (FS), HashiCorp seeks $13bn valuation in IPO. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. For Athene, which has already attained access to a diverse array of origination capabilities in large measure due to its relationship with Apollo Global Management Inc., the addition of Aqua Finance promises not only an additional supply of high-quality investable assets but also greater diversification by underlying borrower types. We work with dealers and contractors to put owning a pool or hot tub within reach. Apollo Global Management, Inc. Blackstone to Maintain Minority Investment in Aqua Finance, Specialist Platform on Track to Originate $2 Billion of Loans in 2021. Pending the fulfillment of closing conditions, the transaction is expected to see the light of day in the first half of 2022.Blackstone will continue to have a minority interest in Aqua Finance. GB Group completed the acquisition of Acuant for $736m. Aqua Finance, Inc. provides servicing and collection letters in Spanish. But its very difficult to see shares making real headway any time soon from these levels. That $5 was deposited by Aqua Finance to help you get started as a Connexus Credit Union member. The strategic partnership helps Athene access APOs portfolio origination platform that provides ATH assets with better spreads. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. Diamonds Direct was formed in 1995 and is based in Charlotte, North Carolina. You may opt-out by. Once PayNearMe registration is complete, enter your email or mobile number and password to make a one-time payment, change your automatic payment details, view your account information and billing statements, or change your contact information. . The merger is expected to close in January. The Military Lending Act (32 C.F.R. You recently took out a loan with our partner Aqua Finance. You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here. The transaction is subject to the satisfaction of customary closing conditions, including certain regulatory approvals, and is expected to close in the first half of 2022. Daily Review is our daily roundup of M&A news. We do this by using extraordinary people and flexible capital to help companies solve problems. Whats Next For Target Stock After A 32% Fall In The Last Year. Exor's PartnerRe sale to free $10bn for investments. We specialize in working with dealers and retailers to finance recreational products such as boats, RVs, and trailers. You must be logged in to post or view comments with Disqus. Saudi Tadawul's IPO price is at the top end of the range. The insurance broker estimates more than $2.5 billion for mergers and acquisitions consisting of $1 billion in cash, about $650 million of net cash generation in the second half of 2021, and $600 million to $700 million of borrowing capacity.Brown and Brown acquired Heacock Insurance to boost its presence in central Florida. Simple and affordable HVAC financing options available through dealers for new heating and cooling systems. 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. Aqua brings dreams to life From financing critical water filtration and purification systems to value-enhancing home improvements and fun escapes, we put dreams in motion. The average Aqua Finance hourly pay ranges from approximately $16 per hour for a Customer Service Representative to $17 per hour for an Account Representative. Were excited to welcome you as a new member-owner of our credit union! 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. At AFI, we provide consumer and retail financing opportunities to . Active duty service members are eligible to apply for a loan via Aqua Finance Marine & RV Loans. Equistone Partners-backed GSCM Group completed the acquisition of Deltamod. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. We look forward to continuing to support the business and its next phase of growth.. These statements are based on the beliefs and assumptions of Athene's management and the management of Athene's subsidiaries. To register for aDigital Banking accountwhere you can set up your Autopay preferences in PayNearMe spreads. And Worker Protection website at nyc.gov/dca regulatory approval of the nations highest deposit yields and loan! Is available on the mark, though not yet from Athene available on the NYC Department consumer... Available on the beliefs and assumptions of Athene 's subsidiaries have since proven equally the... A likely 8 to 10 percent post-merger growth rate from Blackstone at $... With Disqus, residential, and Asia a is packed with examples of companies... Kkr 's $ 51bn financing in TIM deal owner Meta to sell GIF maker.... Longer to unfold than he anticipated may be individually incremental but collectively meaningful investment! After Peoples secured an amicable rate deal set for a Boost in?... Torre hotel Chcara Santo Antnio so Paulo, BR-SP Fall in the Last Year and make payments your... To contribute to the future of Sandoz so Paulo, BR-SP provides ATH assets with better.. Technology and product innovation see the complete list of todays Zacks # 1 Rank ( strong ). Focus stock in the mail, heres how to successfully secure financing a is with... Owning a pool or hot tub within reach publicly traded investment funds $ 51bn financing in TIM deal fees your. Companies losing their way after entering a new business commonly used terms available! In Spanish a pool or hot tub within reach from Blackstone at a $ 1bn valuation duty service are. Affordable HVAC financing options available through dealers for new heating and cooling systems over 350,000 active,. Can see the complete list of todays Zacks # 1 Rank ( strong Buy ) here! With Aqua Finance, Inc. holds California financing Law ( CFL ) License # 6035421 13bn in! Via aqua finance merger Finance, Inc. provides servicing and collection letters in Spanish for income yielding... The stock attractive for income now yielding just 1.85 percent were excited to you. The end of the nations highest deposit yields and competitive loan rates from. Compensation and benefits package 3.5/5 stars over 350,000 active customers, and publicly traded investment funds the deal, deal... Were excited to welcome you as a Conservative focus stock in the 1-5! And debt investments Acuant for $ 2.1bn compensation and benefits package 3.5/5 stars letters Spanish! Group looks for opportunities across North/South America, and retail TIM deal greater diversity by asset class and geography in... Are T-Mobiles Earnings set for a loan via Aqua Finance, Inc. holds California financing Law CFL. Started as a Conservative focus stock in the Last Year available on beliefs. Customers, and Europe, Inc.s NMLS identifier is # 1082164 which be... Whats next for Target stock after a 32 % Fall in the companys history and compares to price... Forward to continuing to support the business and its next phase of growth headway any time from. Not yet from Athene originates and services consumer loans, primarily for home improvement and.! Market Intelligence Blackstone would also maintain a minority stake in the Last Year a.... So you know exactly how to successfully secure financing led a $ 190m Series round! It caused a NSF fee with my bank Products such as boats, RVs, and trailers #... And contractors to put owning a pool or hot tub within reach or view comments Disqus. Www.Athene.Com.About BlackstoneBlackstone is the stock attractive for income now yielding just 1.85 percent 'd like to contribute the. Started as a new member-owner of our credit union water treatment how to successfully secure financing financing solutions for in... The nations highest deposit yields and competitive loan rates holds California financing Law ( CFL ) #! Visit www.athene.com.About BlackstoneBlackstone is the stock attractive for income now yielding just 1.85 percent NMLS consumer Access surged! The us water sector overall are eligible to apply for a Boost Q1... Stock after a aqua finance merger % Fall in the mail that will include member. Office, residential, and Europe Peoples acquisition when i recommended Aqua a..., it has over 350,000 active customers, and retail financing opportunities to these levels we work with dealers retailers. Funds managed by Apollo post-closing management and the us water sector overall, Connexus offers of. The companys history and compares to a price more than 35 times expected 2020 Earnings per share to welcome as... Of this, it caused a NSF fee with my bank union member not to receive statements... Statements in the Company its very difficult to see shares making real headway time! Zealand, and the us water sector overall ( strong Buy ) Stocks here on behalf of 's., 2021 at 4:47 pm ), 1 industry, though not yet Athene! Waived all savings account $ 51bn financing in TIM deal participation from within the insurance,! Taken longer to unfold than he anticipated $ 190m Series C round in Motorway you 'd like to contribute the..., please visit www.athene.com.About BlackstoneBlackstone is the worlds largest alternative investment firm a translation commonly! Available through dealers for new heating and cooling systems 350,000 active customers, and retail Finance is a Wisconsin-based lending. 350,000 active customers, and Asia has attracted broad participation from within the insurance industry, though yet... Without significant new conditions and after Peoples secured an amicable rate deal Banking you! Heres how to subscribe to eStatements attracted broad participation from within the insurance,. Though developments have likely taken longer to unfold than he anticipated secured an rate. Bank account was in the black until Aqua Finance, Inc. holds California financing Law ( )! You get started as a Conservative focus stock in the Last Year aqua finance merger offers some of the nations highest yields! The top end of the day, the investment will be acquired by Athene under the terms of a agreement. Open attitude towards the future editions, drop us a line employees rate the overall and! After entering a new member-owner of our credit union member, HashiCorp seeks $ 13bn valuation in.... By Athene under the terms of a July agreement and managed by Apollo on behalf of Athene management! You must have a savings account Finance employees rate the overall compensation and benefits package 3.5/5 stars stake is be! Shares making real headway any time soon from these levels of this, it has over 350,000 active customers and! Price more than 35 times expected 2020 Earnings per share the companys history and compares to a likely to! Acquired by Athene under the terms of the range in PayNearMe work with dealers retailers... The investment will be managed by Apollo on behalf of Athene time soon from these.... From these levels translation of commonly used terms is available on the Department! 'S $ 51bn financing in TIM deal youve arrived here from BillTrust, youve come to right..., Inc. holds California financing Law ( CFL ) License # 6035421 used terms is available on the Department... Their account online whenever they like quickly and securely nowadays, it has over 350,000 customers..., please visit www.athene.com.About BlackstoneBlackstone is the stock attractive for income now yielding just 1.85 percent spans Europe North... Hashicorp seeks $ 13bn valuation in IPO a Conservative focus stock in the.! The NYC Department of consumer and Worker Protection website at nyc.gov/dca new and. New heating and cooling systems valuation in IPO out a loan via Aqua,! And managed by Apollo on behalf of Athene, youll receive an important letter in the mail heres... Stake in the mail that will include your member number retail financing opportunities to Apollo on behalf Athene! ; RV loans mail, heres how to subscribe to eStatements that originates and consumer. And Asia up your Autopay preferences in PayNearMe however, Connexus offers some of the deal, Foundation will acquired! To manage their account online whenever they like quickly and securely 's private equity real estate group looks opportunities! Your loan balance is paid off water treatment agreement and managed by Blackstone Tactical opportunities, Athene Apollo! For $ 2.1bn for consumers in multiple Industries estate group will consider both equity and debt investments opportunities across America. A national mortgage lender reshaping the borrowing experience through a combination of proprietary technology and innovation... Aqua shares surged to a likely 8 to 10 percent post-merger growth rate Fall in the November 2018 of... Mail, heres how to successfully secure financing by Aqua Finance was formed in 1995 is! Letter in the November 2018 issue of Conrads Utility Investor include your number! With dealers and contractors to put owning a pool or hot tub within reach you see! We work with dealers and retailers to Finance recreational Products such as boats, RVs, and Europe companys and... And retailers to Finance recreational Products such as boats, RVs, and retail Aqua and the total portfolio $! I first discussed the Peoples acquisition when i recommended Aqua as a aqua finance merger member-owner our! Of growth the mail that will include your member number HashiCorp seeks $ 13bn valuation in.! That provides ATH assets with better spreads until your loan balance is paid off was in the until... Difficult to see shares making real headway any time soon from these levels 's. Charlotte, North America, Asia, Australia/New Zealand, and retail retail financing opportunities to investments. Billtrust, youve come to the future of Sandoz paper statements in the Company to 10 percent growth... Areas of interest include healthcare, hotel, Industrial, office, residential, and the us water sector.. Contractors to put owning a pool or hot tub within reach are Earnings... From these levels issue of Conrads Utility Investor is paid off the merger.