Athene Holding Ltd. (NYSE:ATH) agreed to acquire unknown stake in Aqua Finance, Inc. from funds managed by Blackstone Tactical Opportunities Advisors L.L.C. for an enterprise value of $1 billion on November 29, 2021. Under the terms of the transaction, Blackstone would maintain a minority stake in Aqua and Aqua will be managed by Apollo Management on behalf of Athene. 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. Lazard and Goldman Sachs are serving as financial advisors and Christopher Machera, Jenna McBain, Hillel Jacobson, Andrew Colao, Michael Naughton, Rob Meyer of Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua Finance. Sidley Austin LLP is serving as legal counsel to Apollo.

Athene Holding Ltd. (NYSE:ATH) completed the acquisition of unknown stake in Aqua Finance, Inc. from funds managed by Blackstone Tactical Opportunities Advisors L.L.C. on July 29, 2022.