However we went to sell our home and found out that a lien had been placed on our mortgage without our knowledge. 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. Learn more. Since credit unions are owned by their members, this account represents your ownership in Connexus Credit Union. A former high ranking Cabinet official has urged the Marcos administration to rethink the pending proposal to unify the two largest state-owned financing institutions in the country fearing that it might dilute government's support to industry and agriculture, the main pillars of the economy. Blackstone would also maintain a minority stake in the company. 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.. 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. (FS) Athene and Apollo to acquire a majority stake in Aqua Finance from Blackstone at a $1bn valuation. 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. Ventia Services is a provider of infrastructure services in Australia and New Zealand. All rights reserved. We require you to maintain insurance throughout the life of your loan. You must be Registered or Signed in to post comment or to vote. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. 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. However, Connexus offers some of the nations highest deposit yields and competitive loan rates. Your loan payments will be made to Connexus. We develop our programs around your customer&rsquo,s needs. Roberto de Ocampo, who served as finance chief of . 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. 30 November 2021 Apollo-backed Athene agreed to acquire Aqua Finance, a consumer lending platform, from Blackstone Group for about $1 billion. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Aqua Finance, Inc. provides servicing . But its very difficult to see shares making real headway any time soon from these levels. You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here. Subscribe to a Daily Review. Please be aware that websites may be impersonating Aqua Finance. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. One Equity Partners led a $300m funding round in Armis. Riverbed delivers application performance for the globally connected enterprise. Use of this website signifies your agreement to the Terms of Service and Privacy Policy Aqua Finance, Inc.s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. Aqua provides financing solutions for consumers in multiple industries. Save my name, email, and website in this browser for the next time I comment. How much does Aqua Finance pay an hour? Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. This is Apollo Global Managements 7th and Athenes 3rd transaction in the Financial Services sector. 6091. | Source: 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. (FS). This is Apollo Global Managements 34th and Athenes 2nd largest (disclosed) transaction. Athene specializes in helping its customers achieve financial security and is a solutions provider to institutions. No, we have waived all savings account fees until your loan balance is paid off. 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. As per the terms of the deal, the investment will be managed by Apollo on behalf of Athene. Within your financing agreement, you authorized your Connexus membership. To read this article on Zacks.com click here. Newfi Lending was formed in 2014 and is based in Emeryville, California. And Im convinced as ever that my initial bullish observations will prove accurate. (FS), Temasek led a $100m financing round in Carro. Neither is the stock attractive for income now yielding just 1.85 percent. We look forward to continuing to support the business and its next phase of growth.. Thats the highest multiple in the companys history and compares to a likely 8 to 10 percent post-merger growth rate. And theres even a potential human link, as former CEO DeBenedictis was once an employee and board member of Exelon. And thanks to the wealth-compounding power of dividend reinvestment, my Aqua shares are worth almost 14 times what I initially put in. Novartis maintain an open attitude towards the future of Sandoz. The potential for sales-related synergies contributed to parent-subsidiary relationships between select life insurers and consumer finance companies decades ago. The merger is expected to close in January. Were excited to welcome you as a new member-owner of our credit union! His comments then have proven prescient, both for Aqua and the US water sector overall. Further information is available at www.blackstone.com. Simple and affordable HVAC financing options available through dealers for new heating and cooling systems. 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. Lazard and Goldman Sachs are serving as financial advisors and Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua Finance. 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. 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. 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. Thats why my advice for anyone wanting to buy into this otherwise great company is to be patient for a better price. 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. Looking to live your dream without the worry of how to fund it? If you choose not to actively use your Connexus savings account, thats okay. Ackman SPAC needs new law to fight lawsuit. For residents of New York City, New York: Aqua Finance, Inc. provides servicing options that allow for verbal communication in Spanish. (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. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. 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. Saturday 7 am 2 pm CT. You will need this member number to register for aDigital Banking accountwhere you can view and make payments on your loan. You can reach us by calling 800.845.5025, emailing info@connexuscu.org, or chatting with us at ConnexusCU.org. Try For Free As of September 30, 2021, Apollo had approximately $481 billion of assets under management. Lundin Energy considers possible sale or merge. I called Aqua Finance and was advised that although funds were taken electronically, it would take 5-10 days to receive a . Warburg Pincus and Apax help to push India IPO market. Petros PACE Finance LLC is a provider of low-cost, long-term commercial PACE financing, which allows commercial property owners to retrofit their buildings with renewable energy and energy efficient systems by borrowing money from a private lender and repaying the loan via a special assessment on their local property tax. Das Naes Unidas 14401, Torre Hotel Chcara Santo Antnio So Paulo, BR-SP. The stake is to be acquired from funds managed by Blackstone Tactical Opportunities. 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. This is Apollo Global Management's 7th and Athene's 3rd transaction in the Financial Services sector. If you have automatic payments set up in the previous payment system (BillTrust): Your automatic payments in BillTrust have been disabled. Aqua Finance, Inc. provides servicing and collection letters in Spanish. Aqua Finance withdrew funds for a pool loan on 12/14/22 and withdrew again 12/28/22 without authorization. Additionally please clear both your browser's cache and cookies -. Aqua Finance, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. Update your contact information, password and mailing address, Call our Customer Support Department at 800-234-3663, option 4, ext. 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. Rich Morrin, Aquas chief executive officer, said: We are excited to partner with this new investor group as we enter the next stage of expansion for Aqua. Want the latest recommendations from Zacks Investment Research? Apollo Global Management, Inc. Blackstone to Maintain Minority Investment in Aqua Finance, Specialist Platform on Track to Originate $2 Billion of Loans in 2021. 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. Aqua Finance, Inc. holds California Financing Law (CFL) License #6035421. 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. https://www.aquafinance.com/faq/customers/, You are welcome to make a payment over the phone. 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. Mergers & Acquisitions (M&A) Apr 2 2023. Nick was one of the first employees of the Environmental Protection Agency in 1972, and later served in the cabinet of former Pennsylvania Governor Richard Thornburg. Multiple industries # 1 Rank ( Strong Buy ) stocks here clear both your browser 's cache and cookies.... Is a solutions provider to institutions deposit yields and competitive loan rates for income yielding! 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