Athene and Apollo Acquire Majority Stake in Aqua Finance at ~$1B Valuation

Athene Acquires Majority Stake in Newfi (Investment Managed by Apollo)

October 18, 2021

Financial Services

Athene has agreed to acquire a majority shareholder interest in Newfi from Warburg Pincus, with the investment to be managed by Apollo. Newfi's founder and CEO Steve Abreu will remain in place and the deal is intended to accelerate Newfi's growth and expand its presence in the non-agency single-family mortgage market.

Athene Acquires Petros PACE Finance

December 20, 2021

Financial Services

Athene Holding Ltd. has entered into a definitive agreement to acquire Petros PACE Finance, a U.S. originator of Commercial Property Assessed Clean Energy (C-PACE) financing. The investment will be managed by Apollo, and Petros' co‑founders will remain with the business and retain a minority stake as the company scales its C‑PACE origination platform.

Aquarian Holdings Acquires Majority Stake in PACE Equity

October 30, 2024

Financial Services

Aquarian Holdings has acquired a majority stake in PACE Equity and committed up to $1 billion of financing to scale the firm's commercial PACE (C-PACE) lending platform. The investment will expand PACE Equity's capacity to fund commercial green building projects and broaden its market reach across the U.S.

Hale Capital Partners Acquires Majority Stake in Athenium

November 6, 2024

Software

Hale Capital Partners, a New York-based growth private equity firm, led a cooperative recapitalization to acquire a majority stake in Athenium, a Dover, New Hampshire provider of risk and quality management software. The investment brings in Jim Greenwell as CEO and will support product development, AI/analytics capabilities and expansion into new verticals including insurance, financial services and government.

Nolan Capital Acquires Majority Stake in Water Engineering, Inc.

March 21, 2022

Industrial Services

Nolan Capital, the family office of Peter Nolan, has acquired a majority stake in Water Engineering, Inc., a Omaha-based provider of industrial water treatment solutions, chemicals and services. Nolan Capital’s Southern California portfolio company, Apollo Technologies, will join the combined Water Engineering platform as the investor and management team intend to pursue further acquisitions to build a national water treatment platform.

Apollo Funds Complete Acquisition of Barnes Group

January 27, 2025

Manufacturing

Funds managed by affiliates of Apollo Global Management have completed the all-cash acquisition of Barnes Group Inc. for an enterprise value of approximately $3.6 billion. The transaction takes Barnes private—Barnes shareholders received $47.50 per share—and Apollo said it will support the company’s transformation strategy and growth across aerospace and industrial end markets.