Founded in 2009, Athene is Driven to Do More for our policyholders, business partners, shareholders, and the communities in which we work and live. |. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. Payments can be made online, over the phone, by mail, or at a branch. 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. Aqua Finance has. You will notice your new Connexus share savings account currently has a balance of $5. Blackstone would also maintain a minority stake in the Company. And theres even a potential human link, as former CEO DeBenedictis was once an employee and board member of Exelon. How much does Aqua Finance pay an hour? Chatham Asset Management increased its offer for RR Donnelley to$10.25 per share in cash. 7-Day Free Trial. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Learn more. Ammonia . If you have automatic payments set up in the previous payment system (BillTrust): Your automatic payments in BillTrust have been disabled. Regulated natural gas and water utility convergence, however, has a successful track record. Further information is available at www.blackstone.com. Large holders include Liberty Mutual Holding Co. Inc. and the groups led by New York Life Insurance Co., Massachusetts Mutual Life Insurance Co. and American Family Mutual Insurance Co. SI. To become a member of any credit union, you must have a savings account. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. Please be aware that websites may be impersonating Aqua Finance. 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. 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. Aqua Finance, Inc.s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. 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. Expand your network of fellow Dealmakers by inviting your colleagues and coworkers. Like the Aqua Finance deal, Foundation will be acquired by Athene under the terms of a July agreement and managed by Apollo post-closing. (FS). Today, you can download 7 Best Stocks for the Next 30 Days. Access instructions and register for PayNearMe. Additionally please clear both your browser's cache and cookies -. Wisconsin-based Aqua Finance is a fast-growing consumer lending platform, originating and servicing consumer loans primarily for home improvement and water treatment. Additionally, the company had cumulatively sold $3.7 billion of loans to third parties, including through a partnership with Wausau, Wis., neighbor Connexus CU. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio. And that includes plenty of utilities and essential service companies. You will need to register and set up your Autopay preferences in PayNearMe. We do not have an automated system to take payments . (FS). (FS). Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Following regulatory approval of the Peoples merger, Aqua shares surged to a price more than 35 times expected 2020 earnings per share. Complete the payment slip that comes with your statement and send it with a cheque in the envelope provided. (FS).
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. Contact us at [emailprotected] or call our Customer Support Save my name, email, and website in this browser for the next time I comment. Under the terms of the transaction, Apollo will manage the investment on behalf of Athene. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. Ackman SPAC needs new law to fight lawsuit. Your Connexus savings account must remain open until your loan balance is paid off. But its very difficult to see shares making real headway any time soon from these levels. (FS) HashiCorp seeks $13bn valuation in IPO. You must be logged in to post or view comments with Disqus. Aqua Finance was formed in 1985 and is based in Wausau, Wisconsin. The real estate group will consider both equity and debt investments. 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.. This is Apollo Global Managements 7th and Athenes 3rd transaction in the Financial Services sector. From those experiences, he perceived the opportunity for water utilities like Philadelphia Suburban to profitably consolidate their wildly fragmented sector. Project. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. We help dealers finance critical water purification and filtration systems. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Covington Water Bill Pay & Customer Service, How to Pay Nashville Electric Service Bill, How To Pay Peopleready Bill & Understanding Your Staffing Companys Bill Rate, Sleepys Credit Card Payment & Customer Service, How to Pay Bowling GreenState University Bill, How To Pay Your Dominion Energy Bill Money Services, Save your time, postage and checks with digital payments, Keep sensitive information like account numbers out of the mail, Avoid late fees and worry less knowing your bills are paid on time, Keep your account info with your bank, not at a third party site, Bills that are the same amount each month, such as loan payments or the cable bill, Regular bills that are for different amounts each month, such as the power bill or credit card bill, Bills that you do not pay regularly with variable amounts. Apollo, which will manage Aqua Finance and is in the process of acquiring the shares of Athene that it does not already own, boasts an annual run-rate of about $25 billion in originations from its direct consumer and commercial finance platforms. Daily Review is our daily roundup of M&A news. Mergers & Acquisitions (M&A) Apr 2 2023. The company delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. 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. 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. (FS), SC Capital Partners acquires real estate NPL portfolio in Japan. Access our detailed step-by-step instructions on how to use PayNearMe.
(Financial Sponsors), Innovid went public via a SPAC merger with ION Acquisition 2 in a $1.3bn deal. 2023 Aqua Finance, Inc. All rights reserved. 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. /marketintelligence/en/news-insights/latest-news-headlines/athene-s-1b-aqua-finance-buy-evokes-a-bygone-era-but-furthers-a-modern-strategy-67897095 The largest portion, $12.44 billion, was linked to Apollo-backed variable annuity reinsurer Venerable Holdings Inc. Investments linked to parents, subsidiaries and/or affiliates acquired by the general accounts of Athene's U.S. insurance companies during the third quarter included securities tied to MidCap and PK AirFinance, tranches of securitizations from OneMain Holdings Inc., a consumer finance company in which Apollo holds a minority stake, and Redding Ridge CLOs. As it stands, Athene reported that related party investments of $29.11 billion as of Sept. 30 constituted 12.9% of its total assets. (FS). 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. Enter your Account Number and ZIP Code if you want to make a quick one-time paymentwithout accessing your online account. So has the sharp reduction in Aquas cost of debt capital over the past year. You can pay online through your own bank or by logging into your account. Aqua Finance, Inc. provides servicing and collection letters in Spanish. 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. Under the terms of the transaction, New York-headquartered global alternative asset manager Apollo will manage the investment on behalf of Athene. BX. First Onsite Property Restoration completed the acquisition of Kauai Restoration & Cleaning. 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. content 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. Athene's $1B Aqua Finance buy evokes a bygone era but furthers a modern strategy, According to Market Intelligence, April 2023, Insight Weekly: Labor market in focus; operating costs rise; pension funds miss PE targets, Banking Essentials Newsletter: 5th April Edition. Since credit unions are owned by their members, this account represents your ownership in Connexus Credit Union. 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. 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 . Access to direct origination platforms confers a competitive advantage to insurance companies during a time in which attractive new money investment yields remain difficult to find. Athene said in an October slide deck that it leverages Apollo's direct origination platforms to generate senior-secured assets that it considers to have superior risk-return characteristics relative to comparable corporate bonds through its full control of the origination process, comprehensive access to counterparty due diligence, and enhanced control over loan terms, credit documentation and syndication. Before you start, gather your 9-digit numeric account number (from your last statement) and banking details. Apollo Global Management, Inc. Blackstone to Maintain Minority Investment in Aqua Finance, Specialist Platform on Track to Originate $2 Billion of Loans in 2021. 30 November 2021 Apollo-backed Athene agreed to acquire Aqua Finance, a consumer lending platform, from Blackstone Group for about $1 billion. In the next few days, however, it will complete its most transforming deal yet: The all-cash $4.28 billion purchase of natural gas distribution utility Peoples Gas, which serves roughly 740,000 homes and businesses in western Pennsylvania, West Virginia and Kentucky. 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. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. Register your account to set up automatic payments (Autopay) or make a one-time payment through PayNearMe. Ive personally owned Aqua America (WTR)which on February 3 will rename itself Essential Utilities (WTRG)since it was Philadelphia Suburban. Bluebell asked Glencore to separate its coal business. Aqua Finance generated $1.36 billion in origination volume for the trailing-four-quarters ended March 31, 2020, prior to a COVID-19-related tightening of underwriting standards, according to the Kroll Bond Rating Agency report. If you would prefer not to receive paper statements in the mail, heres how to subscribe to eStatements. However, Connexus offers some of the nations highest deposit yields and competitive loan rates. Want the latest recommendations from Zacks Investment Research? Jim Belardi, chief executive officer of Athene, said: 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.. 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. We work with dealers and contractors to put owning a pool or hot tub within reach. 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. We deliver flexible and consumer-friendly financing programs so families can bring their dreams to life. 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. 'S customers include blue-chip utilities, telcos, pipeline operators and municipalities maintain a minority stake the... The nations highest deposit yields and competitive loan rates, telcos, pipeline operators and municipalities acquired by under! Cost of debt capital over the past year Autopay preferences in PayNearMe Acquisition 2 in a $ 1.3bn deal a. 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Will be acquired by Athene under the terms of the transaction, Apollo will manage investment!