Legal Affairs. (FS), Monomoy Capital Partners to acquire Thetford from The Dyson-Kissner-Moran. 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.
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," said Rich Morrin, Aquas Chief Executive Officer. 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. Apollo Global Management, Inc.
This page is designed to provide you with all the important information you need to get started with Connexus, including an explanation of how you became a member, how to access your account, and how to set up payments. Update your contact information, password and mailing address, Call our Customer Support Department at 800-234-3663, option 4, ext. Project. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. 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. 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.
Learn more about our water treatment financing, Learn more about our home improvement financing, Learn more about our pool and spa financing, Learn more about our recreation financing. In fact, its likely that buying Peoples will accelerate Aquas already upper single digit underlying earnings growth rate, possibly by a couple percentage points. 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. This is Apollo Global Managements 7th and Athenes 3rd transaction in the Financial Services sector. Athene Holdings ATH and Apollo Global Management APO have agreed to buy a majority interest in Aqua Finance for $1 billion from Blackstone Tactical Opportunities. The merger is expected to close in January. latest-news-headlines 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. Aqua Finance withdrew funds for a pool loan on 12/14/22 and withdrew again 12/28/22 without authorization. Petros PACE was fomred in 2010 and is based in Austin, Texas. Make a payment to Aqua Finance with our Payment Portal Skip to main content Please be aware that websites may be impersonating Aqua Finance. Taking a comprehensive approach to how we assess each application, we find more ways to help approve more consumers for financing. (FS) Athene and Apollo to acquire a majority stake in Aqua Finance from Blackstone at a $1bn valuation. View all the payment options. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. 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. Try For Free Since then, shares have appreciated by more than 50 percent. Get clear, quick answers and a transparent approval process, so you know exactly how to successfully secure financing. Athene was formed in 2008 and is based in Pembroke, Bermuda. Aqua Finance, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. 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. Aqua Finance employees rate the overall compensation and benefits package 3.5/5 stars. From a yield perspective, the company targets outperformance through those platforms of between 100 and 200 basis points over liquid corporates. Are T-Mobiles Earnings Set For A Boost In Q1? Aqua also attracted a $750 million equity investment from the Canada Pension Plan Investment Board. Apr 1 2023. We work to provide consumer financing solutions for dozens of unique products designed to make life more enjoyable, from enhancing the quality of your water and home improvements to outfitting your next adventure. At AFI, we provide consumer and retail financing opportunities to . 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. Once the loan is paid off, we will be happy to close your account and send you the remaining balance, if you choose. To set up online bill pay, start by gathering all of your bills and dividing them into three piles: Im having trouble setting up PayNearMe portal. While you wait to receive your member number in the mail, you can submit your proof of insurance to us. That $5 was deposited by Aqua Finance to help you get started as a Connexus Credit Union member. We are Your Financing Partner in Water Treatment, Home Remodeling & Improvements, HVAC, Marine, Powersports, RV and More. Saudi Tadawul's IPO price is at the top end of the range. As of September 30, 2021, Apollo had approximately $481 billion of assets under management. So whats not to like about a company that just accelerated its long-term growth rate and reduced business risk at a low cost, and is a perpetual takeover candidate? With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. We require you to maintain insurance throughout the life of your loan. 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. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. We work with dealers and contractors to put owning a pool or hot tub within reach. Please allow at least 3 working days before the due date shown. Aqua Finance has partnered with read more company news. Ive mentioned Exelon Corp (EXC) before as a likely eventual suitor for Aqua. To ensure youre accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. Fenway Sports Group to invest in Pittsburgh Penguins. Wisconsin-based Aqua Finance is a fast-growing consumer lending platform, originating and servicing consumer loans primarily for home improvement and water treatment. 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%. 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. 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. UK competition regulator tells Facebook owner Meta to sell GIF maker Giphy. Its an easier way to make your payments and see your account information. As Essential Utilities, it will start out with nearly 80 percent of rate base in Pennsylvania, where management has built one of the most constructive regulatory relationships of any utility in the country. Contact us at [emailprotected] or call our Customer Support 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. 6091. The Military Lending Act (32 C.F.R. 20-22 Wenlock Road London N1, 7GU England. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. 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.. How much does Aqua Finance pay an hour? Access instructions and register for PayNearMe. (FS). Announcements, rumors, insights, and data before your morning coffee. Adding Peoples should also open up a new range of acquisition targets for Aqua as it adds new geography. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. 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. On November 29, 2021, asset manager Apollo Global Management and Athene acquired financial services company Aqua Finance from The Blackstone Group for 1.0B USD. (FS), SC Capital Partners acquires real estate NPL portfolio in Japan. Read All. 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. An undisclosed fund managed by The Blackstone Group Inc. (NYSE:BX) acquired 80% stake in Aqua Finance, Inc. on August 10, 2018. 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. If you choose not to actively use your Connexus savings account, thats okay. 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. Note changing the name from Aqua to Essential Utilities is a not a taxable event and wont change either ownership or dividends paid. 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. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio. And theres even a potential human link, as former CEO DeBenedictis was once an employee and board member of Exelon. Diamonds Direct offers loose and mounted diamonds, a multitude of engagement ring mountings by designers, diamond and gemstone fashion jewelry, wedding bands, pearls, and much more. Riverbed delivers application performance for the globally connected enterprise. Newfi Lending was formed in 2014 and is based in Emeryville, California. You recently took out a loan with our partner Aqua Finance. Apollo will manage the investment on behalf of Athene.Wisconsin-based Aqua Finance is a fast-growing consumer lending platform, originating and servicing consumer loans primarily for home improvement and water treatment. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. 30 November 2021 Apollo-backed Athene agreed to acquire Aqua Finance, a consumer lending platform, from Blackstone Group for about $1 billion. Two words: Extreme valuation. Use of this website signifies your agreement to the Terms of Service and Privacy Policy 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. To ensure you're accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above.
Thats why my advice for anyone wanting to buy into this otherwise great company is to be patient for a better price. 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 . We deliver flexible and consumer-friendly financing programs so families can bring their dreams to life. Aqua Finance provides fast, flexible financing programs to a variety of different industries including water, home improvement and HVAC. The Blackstone Group was formed in 1987 and is based in New York City. PayNearMe is Aquas new payment portal. And that includes plenty of utilities and essential service companies. I called Aqua Finance and was advised that although funds were taken electronically, it would take 5-10 days to receive a . JP Morgan to back KKR's $51bn financing in TIM deal. Aqua Finance, Inc. provides servicing and collection letters in Spanish. Ventia Services is a provider of infrastructure services in Australia and New Zealand. We look forward to continuing to support the business and its next phase of growth.. Copyright 2023 royalgazette.com. WPP completed the acquisition of Cloud Commerce Group. The Blackstone Group is a global alternative investment management firm. If you'd like to contribute to the future editions,drop us a line. 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. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. |. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. The focus of my March 10, 2016 article "Water World: An Interview with Chris Franklin, CEO of Aqua America" was the latest phase of the companys M&A strategy: Acquiring municipally owned water and wastewater distribution systems. Hours of operation: Monday to Thursday, 7am-8:30pm CT; Friday 7am-7pm CT; Saturday 7am-2pm CT. Make a payment; Dealer Portal; ES; About; Dealers; Borrowers; Were excited to welcome you as a new member-owner of our credit union! 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. Zacks Investment Research, 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. 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. Roberto de Ocampo, who served as finance chief of .
Chatham Asset Management increased its offer for RR Donnelley to$10.25 per share in cash. Under the terms of the transaction, New York-headquartered global alternative asset manager Apollo will manage the investment on behalf of Athene. 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 this year. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water . 2023 Connexus Credit Union. Market Intelligence (FS). Your next steps as a member You will soon receive a letter in the mail that includes your member number and account details. However, Connexus offers some of the nations highest deposit yields and competitive loan rates. Aqua Finance has doubled its annual loan originations since 2018 when Blackstone first invested in the company. Ammonia . Now, as most recently demonstrated by Athene Holding Ltd.'s proposed acquisition of a majority stake in home improvement lender Aqua Finance Inc., investment synergies are at the root of a new sort of convergence. Harborside to acquire Urbn Leaf and Loudpack for c. $100m. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. The company, which originally focused on the financing of water treatment equipment but since expanded to offer indirect loans for a range of home improvement products and services, is expected to generate volume of $2 billion in 2021, according to Apollo and Athene. And Im convinced as ever that my initial bullish observations will prove accurate. 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.. Check out our rates. Within your financing agreement, you authorized your Connexus membership. 2023 Aqua Finance, Inc. All rights reserved. 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. Future Aqua Finance securitizations could serve as one means of asset generation for Athene's investment portfolio, though the deal announcement did not include specifics in that respect. 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 Until then, you can set up loan payments with Aqua Finance.
Aqua Finance has a long history of partnering with merchants across the home improvement and recreational ecosystem to provide dependable and flexible financing solutions to their customers. The company delivers a more efficient and transparent process resulting in lower costs and higher levels of customer satisfaction and trust. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. That reduced prospective deal financing costs. Stay competitive and sell more products and services to more customers. Please be aware that websites may be impersonating Aqua Finance. Enter your Account Number and ZIP Code if you want to make a quick one-time paymentwithout accessing your online account. Complete the payment slip that comes with your statement and send it with a cheque in the envelope provided. 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. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. Subscribe and never miss a beat with MergerLinks. So has the sharp reduction in Aquas cost of debt capital over the past year. This is Apollo Global Managements 34th and Athenes 2nd largest (disclosed) transaction. Additionally please clear both your browser's cache and cookies -. JP Morgan said in the letter it was ready to lift its commitment above $51bn if necessary. Save my name, email, and website in this browser for the next time I comment. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Forward-looking statements within this press release include, but are not limited to, statements regarding future growth prospects and financial performance. Nippon Steel plans to buy steel mill in Southeast Asia. However we went to sell our home and found out that a lien had been placed on our mortgage without our knowledge. You must be logged in to post or view comments with Disqus. Additionally, the company had cumulatively sold $3.7 billion of loans to third parties, including through a partnership with Wausau, Wis., neighbor Connexus CU. : Aqua Finance with our partner Aqua Finance is a fast-growing consumer lending that... And ZIP Code if you want to make your payments and see your account.... Statements within this press release include, but are not limited to, statements regarding future growth prospects and performance. Pembroke, Bermuda hotel, Industrial, office, residential, and retail financing opportunities to based New... 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And was advised that although funds were taken electronically, it would take 5-10 to... In Aquas cost of debt Capital over the past year Financial performance November 2021 Apollo-backed Athene agreed to acquire Leaf. Payment Portal Skip to main content please be aware that websites may be verified NMLS... Put owning a pool loan on 12/14/22 and withdrew again 12/28/22 without authorization each application, we provide consumer retail! Top end of the nations highest deposit yields and competitive loan rates Athene was in... For Aqua and its next phase of growth and trust ) transaction complete the slip! That allow for verbal communication in Spanish, shares have appreciated by more than 50.!