(FS). That's the highest multiple in the company's history and. And thanks to the wealth-compounding power of dividend reinvestment, my Aqua shares are worth almost 14 times what I initially put in. Riverbed was founded in 2002 and is based in San Francisco, California. Forward-looking statements within this press release include, but are not limited to, statements regarding future growth prospects and financial performance. Aqua Finance, Inc. provides servicing . Warburg Pincus and Apax help to push India IPO market. The Military Lending Act (32 C.F.R. The lender focuses its services on water treatment, home improvements, pool and spa, HVAC financing, installment sale financing, and recreation niches, including marine and RV loans. 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. Athene does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. . Aqua Finance, Inc.'s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. Ackman SPAC needs new law to fight lawsuit. And that includes plenty of utilities and essential service companies. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. (FS), Monomoy Capital Partners to acquire Thetford from The Dyson-Kissner-Moran. All rights reserved. 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. Contact us at [emailprotected] or call our Customer Support (FS). Buying Aqua, which has less than one-quarter its market capitalization, would greatly accelerate that goal. To ensure you're accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. (FS) HashiCorp seeks $13bn valuation in IPO. 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. November 29, 2021 16:30 ET First Onsite Property Restoration completed the acquisition of Kauai Restoration & Cleaning. Aqua Finance, Inc.s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. Want the latest recommendations from Zacks Investment Research? IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio. Aqua also attracted a $750 million equity investment from the Canada Pension Plan Investment Board. Market Intelligence Scroll down to read deal descriptions. Whats Next For Target Stock After A 32% Fall In The Last Year. The insurance broker estimates more than $2.5 billion for mergers and acquisitions consisting of $1 billion in cash, about $650 million of net cash generation in the second half of 2021, and $600 million to $700 million of borrowing capacity.Brown and Brown acquired Heacock Insurance to boost its presence in central Florida. Adding Peoples should also open up a new range of acquisition targets for Aqua as it adds new geography. Are T-Mobiles Earnings Set For A Boost In Q1? esgSubNav, Discover more about S&P Globals offerings, Global Credit and Risk Symposium: Unlocking Possibilities, JW Marriott Sao Paulo Av. So has the sharp reduction in Aquas cost of debt capital over the past year. 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. 6091. Today, there are a third fewer publicly traded water utilities than when Mr. DeBenedictis compared his sector to collector cars in my book Power Hungry. That $5 was deposited by Aqua Finance to help you get started as a Connexus Credit Union member. Aqua Finance is a specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment. The company's financial sponsor support through meaningful equity funding of acquisitions helps to somewhat mitigate the integration, leverage and cash flow risks of the transactions, and the. Aqua Finance, Inc.s NMLS identifier is #1082164 which may be verified at NMLS Consumer Access. Ive also consistently recommended Aqua in my advisories. 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. Exor's PartnerRe sale to free $10bn for investments. (People). This is Apollo Global Management's 7th and Athene's 3rd transaction in the Financial Services sector. 20-22 Wenlock Road London N1, 7GU England. Ltd., automotive fleet manager Donlen Corp., real estate investment and advisory firm Net Lease Capital Advisors Inc., U.K.-based asset finance company Haydock Finance Ltd and, subject to pending acquisitions, U.S. nonagency residential mortgage lender Nexera Holding LLC, which does business as Newfi, and U.K.-based mortgage lender Paratus AMC Ltd., which does business as Foundation Home Loans. Neither is the stock attractive for income now yielding just 1.85 percent. 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. This is Apollo Global Managements 1st and Athenes 1st transaction in Wisconsin. Announcements, rumors, insights, and data before your morning coffee. Check out our rates. 7-Day Free Trial. 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. | Source: DNA Capital to acquire a 25% stake in Inspirali from Anima Holding for $179m. We are excited to partner with this new investor group as we enter the next stage of expansion for Aqua. To ensure you're accessing Aqua Finance directly and that your information is secure, always look for the www.aquafinance.com URL above. 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. How much does Aqua Finance pay an hour? I called Aqua Finance and was advised that although funds were taken electronically, it would take 5-10 days to receive a . (Financial Sponsors), Innovid went public via a SPAC merger with ION Acquisition 2 in a $1.3bn deal. 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. This is a BETA experience. Apollo Global Management, Inc. Blackstone to Maintain Minority Investment in Aqua Finance, Specialist Platform on Track to Originate $2 Billion of Loans in 2021. Just add Aqua. Payments can be made online, over the phone, by mail, or at a branch. 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. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Follow Blackstone on Twitter @Blackstone. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. 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. Franklins comments then have since proven equally on the mark, though developments have likely taken longer to unfold than he anticipated. If you choose not to actively use your Connexus savings account, thats okay. 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. GUD Holdings to acquire AutoPacific Group from Pacific Equity Partners for $531m. Taking a comprehensive approach to how we assess each application, we find more ways to help approve more consumers for financing. (FS). Ive personally owned Aqua America (WTR)which on February 3 will rename itself Essential Utilities (WTRG)since it was Philadelphia Suburban. 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. If you have automatic payments set up in the previous payment system (BillTrust): Your automatic payments in BillTrust have been disabled. View all the payment options. 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. Diamonds Direct was formed in 1995 and is based in Charlotte, North Carolina. You simply need to select the option to speak with a , https://www.aquafinance.com/make-a-payment/. This is Apollo Global Managements 7th and Athenes 3rd transaction in the Financial Services sector. Early in the previous decade, that company shifted its strategy to focusing on growing its regulated electricity transmission and distribution rate base rather than adding nuclear generating capacity, acquiring the former Pepco Holdings in March 2016. Aqua Finance employees rate the overall compensation and benefits package 3.5/5 stars. Aqua Finance is a Wisconsin-based specialist lending platform that originates and services consumer loans, primarily for home improvement and water . Further information is available at www.blackstone.com. All Rights Reserved, This site is protected by reCAPTCHA and the Google. 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. JP Morgan to back KKR's $51bn financing in TIM deal. If you would prefer not to receive paper statements in the mail, heres how to subscribe to eStatements. Riverbed is a provider of software for mobile computing applications services. 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. 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. The Company has strong and growing merchant relationships formed over 30 years. Make a payment Dealer Portal ES About Dealers Borrowers Contact FAQs Careers 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? A translation of commonly used terms is available on the NYC Department of Consumer and Worker Protection website at nyc.gov/dca. 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. 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. You will notice your new Connexus share savings account currently has a balance of $5. 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. 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. Ventia Services was founded in 2015 and is based in North Sydney, Australia. Apollo Global Management, Inc. No, we have waived all savings account fees until your loan balance is paid off. Project. 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. Save my name, email, and website in this browser for the next time I comment. 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. The problem I'm having with this is that I have continued to make $60 a month payments . 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.. Once the loan is paid off, we will be happy to close your account and send you the remaining balance, if you choose. The history of M&A is packed with examples of acquiring companies losing their way after entering a new business. IMPORTANT: The new Aqua Finance Payment Portal, PayNearMe, is now here! Lazard and Goldman Sachs are serving as financial advisors and Weil Gotshal & Manges LLP as legal counsel to Blackstone and Aqua Finance. 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. 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. 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. 2023 Aqua Finance, Inc. All rights reserved. Within your financing agreement, you authorized your Connexus membership. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irths software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. Department at 800-234-3663, option 4, ext. (FS). Regulated natural gas and water utility convergence, however, has a successful track record. 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. Please contact Connexus if you have questions about your loan or Membership Savings Account. 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. Newfi Lending was formed in 2014 and is based in Emeryville, California. 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. For more than three decades, Aqua has partnered with merchants to provide flexible consumer lending solutions, and with Athene we look forward to investing in the business and supporting the Aqua team to build on this success, said Apollo Co-President Jim Zelter. That reduced prospective deal financing costs. Register your account to set up automatic payments (Autopay) or make a one-time payment through PayNearMe. 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