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. (FS). Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. You will notice your new Connexus share savings account currently has a balance of $5. Make a payment to Aqua Finance with our Payment Portal Skip to main content Please be aware that websites may be impersonating Aqua Finance. A translation of commonly used terms is available on the NYC Department of Consumer and Worker Protection website at nyc.gov/dca. esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. Lazard and Goldman Sachs are serving as financial advisors and Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua Finance. The stake is to be acquired from funds managed by Blackstone Tactical Opportunities. 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. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. The history of M&A is packed with examples of acquiring companies losing their way after entering a new business. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. Microsofts Satya Nadella sells half of his shares in the company. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. While you wait to receive your member number in the mail, you can submit your proof of insurance to us. Factors that could cause actual results, events and developments to differ include, without limitation: the accuracy of Athene's assumptions and estimates; Athene's ability to maintain or improve financial strength ratings; Athene's ability to manage its business in a highly regulated industry; regulatory changes or actions; the impact of Athene's reinsurers failing to meet their assumed obligations; the impact of interest rate fluctuations; changes in the federal income tax laws and regulations; the accuracy of Athene's interpretation of the Tax Cuts and Jobs Act; litigation (including class action litigation), enforcement investigations or regulatory scrutiny; the performance of third parties; the loss of key personnel; telecommunication, information technology and other operational systems failures; the continued availability of capital; new accounting rules or changes to existing accounting rules; general economic conditions; Athene's ability to protect its intellectual property; the ability to maintain or obtain approval of the Delaware Department of Insurance, the Iowa Insurance Division and other regulatory authorities as required for Athene's operations; the delay or failure to complete or realize the expected benefits from the proposed merger with Apollo Global Management; and other factors discussed from time to time in Athene's filings with the SEC, including its annual report on Form 10-K for the year ended December 31, 2020, its quarterly report on Form 10-Q for the quarterly period ended September 30, 2021, and its other SEC filings, which can be found at the SECs website www.sec.gov. Fenway Sports Group to invest in Pittsburgh Penguins. Apollo currently holds 34% stake in Athene. 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. 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. Apollo Global Management, Inc. (FS). 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. December 3, 2021 Martina Bellini. 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. Update your contact information, password and mailing address, Call our Customer Support Department at 800-234-3663, option 4, ext. (FS) HashiCorp seeks $13bn valuation in IPO. 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. Bermudian-based retirement services company Athene has agreed to acquire a controlling stake in the consumer-lending platform Aqua Finance in a deal valued at approximately $1 billion. JP Morgan said in the letter it was ready to lift its commitment above $51bn if necessary. content Ammonia . 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. Your Connexus savings account must remain open until your loan balance is paid off. Read All. Conseco Inc., a life and supplemental health insurer, memorably touted "extensive cross-marketing opportunities" when it agreed in April 1998 to acquire manufactured housing finance company Green Tree Financial Corp. in a stock deal initially valued at $7.35 billion. Access our detailed step-by-step instructions on how to use PayNearMe. | Source: 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. Until then, you can set up loan payments with Aqua Finance. Whats Next For Target Stock After A 32% Fall In The Last Year. Follow Blackstone on Twitter @Blackstone. Like the Aqua Finance deal, Foundation will be acquired by Athene under the terms of a July agreement and managed by Apollo post-closing. We do not have an automated system to take payments . As per the terms of the deal, the investment will be managed by Apollo on behalf of Athene. 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. From those experiences, he perceived the opportunity for water utilities like Philadelphia Suburban to profitably consolidate their wildly fragmented sector. 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. Please be aware that websites may be impersonating Aqua Finance. The addition of Aqua Finance will increase Apollos current $80 billion annual run-rate of asset origination across its platforms, which span commercial and consumer lending. Their rates fall within the limits of The Military Lending Act. 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. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. 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. Key Apollo direct origination platforms include middle-market commercial finance company MidCap Financial LLC, specialized aircraft and aircraft engine lender PK AirFinance SA, collateralized loan obligation manager Redding Ridge Asset Management LLC, aircraft lessor Merx Aviation Finance LLC, Australia-based commercial real estate investment manager MaxCap Group Pty. In the next 1-5 days, youll receive an important letter in the mail that will include your member number. 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Since credit unions are owned by their members, this account represents your ownership in Connexus Credit Union. If you'd like to contribute to the future editions,drop us a line. Newfi Lending is a national mortgage lender reshaping the borrowing experience through a combination of proprietary technology and product innovation. 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. To become a member of any credit union, you must have a savings account. 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. Adding Peoples should also open up a new range of acquisition targets for Aqua as it adds new geography. Bluebell asked Glencore to separate its coal business. The real estate group will consider both equity and debt investments. We assist contractors to make home improvements happen. (FS). No, we have waived all savings account fees until your loan balance is paid off. Following regulatory approval of the Peoples merger, Aqua shares surged to a price more than 35 times expected 2020 earnings per share. Under the terms of the transaction, Apollo will manage the investment on behalf of Athene. We are Your Financing Partner in Water Treatment, Home Remodeling & Improvements, HVAC, Marine, Powersports, RV and More. Once the loan is paid off, we will be happy to close your account and send you the remaining balance, if you choose. Nowadays, it has over 350,000 active customers, and the total portfolio exceeds $2.8B. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. You may opt-out by. 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. Aqua also attracted a $750 million equity investment from the Canada Pension Plan Investment Board. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. Riverbed is a provider of software for mobile computing applications services. 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. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. Further information is available at www.blackstone.com. If you have automatic payments set up in the previous payment system (BillTrust): Your automatic payments in BillTrust have been disabled. Access instructions and register for PayNearMe. And thanks to the wealth-compounding power of dividend reinvestment, my Aqua shares are worth almost 14 times what I initially put in. Aqua Finance was formed in 1985 and is based in Wausau, Wisconsin. The merger is expected to close in January. First Onsite Property Restoration completed the acquisition of Kauai Restoration & Cleaning. DNA Capital to acquire a 25% stake in Inspirali from Anima Holding for $179m. CNH Industrial completed the acquisition of Raven Industries for $2.1bn. 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. 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. Lundin Energy considers possible sale or merge. Register your account to set up automatic payments (Autopay) or make a one-time payment through PayNearMe. (FS). 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. But at the end of the day, the deal closed without significant new conditions and after Peoples secured an amicable rate deal. Riverbed was founded in 2002 and is based in San Francisco, California. To read this article on Zacks.com click here. This is Apollo Global Managements 82nd and Athenes 7th transaction in the United States. To become a member of any credit union, you must have a savings account. We seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid and equity. Your next steps as a member You will soon receive a letter in the mail that includes your member number and account details. 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.. You simply need to select the option to speak with a , https://www.aquafinance.com/make-a-payment/. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. 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. Today, Aqua serves roughly 3 million water customers in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. Under the terms of the transaction, New York-headquartered global alternative asset manager Apollo will manage the investment on behalf of Athene. Contact us at [emailprotected] or call our Customer Support Nippon Steel plans to buy steel mill in Southeast Asia. We look forward to continuing to support the business and its next phase of growth.. Just add Aqua. Ive personally owned Aqua America (WTR)which on February 3 will rename itself Essential Utilities (WTRG)since it was Philadelphia Suburban. . 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. 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. 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. Please be aware that websites may be impersonating Aqua Finance. Subscribe to a Daily Review. 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. As of September 30, 2021, Apollo had approximately $481 billion of assets under management. (FS), Trilantic and Cornell Capital-backed Ingenovis Health to acquire HealthCare Support. Per Jim Belardi, chief executive officer of Athene, 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.Athene and Apollo have shared a partnership since the former was established in 2009. Yes, you will receive statements from Connexus regarding your loan and Membership Savings Account on either a monthly or quarterly basis, depending on your chosen payment method. 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. Learn about how to pay your bill, how to set up auto payment, how to cancel account and contact customer support for aquafinance bill pay by using the official links that we have provided below. A translation of commonly used terms is available on the NYC Department of Consumer and Worker Protection website at nyc.gov/dca. 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. Aqua provides financing solutions for consumers in multiple industries. Apollo will manage the investment on behalf of. Payments can be made online, over the phone, by mail, or at a branch. Legal Affairs. 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. It also will benefit from Apollo's management expertise in the specialty finance arena. We require you to maintain insurance throughout the life of your loan. 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. (FS), Monomoy Capital Partners to acquire Thetford from The Dyson-Kissner-Moran. Your loan payments will be made to Connexus. All rights reserved. Looking to live your dream without the worry of how to fund it? About ApolloApollo is a high-growth, global alternative asset manager. $ 750 million equity investment from the Canada Pension Plan investment Board, and retail until then, you have. 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