United Fintech Acquires 25% Stake in Athena Systems

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.

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.

Hellman & Friedman and Bain Capital Acquire athenahealth for $17 Billion

February 15, 2022

Cloud & SaaS

Affiliates of Hellman & Friedman and Bain Capital completed the $17 billion acquisition of athenahealth from Veritas Capital and Evergreen Coast Capital. The deal brings in additional coinvestors (including an affiliate of GIC and a subsidiary of ADIA) while Veritas and Evergreen each retain minority investments as the buyers look to scale athenahealth's cloud-based healthcare SaaS platform.

Parthenon Capital Acquires Majority Stake in Titan Wealth

February 21, 2023

Wealth Management

Parthenon Capital has acquired a majority stake in Titan Wealth, partnering with the management team to support further organic growth, technology investment and future M&A. The transaction delivers a partial exit for Maven's UK Regional Buyout Fund (with a material return) while existing investors including funds managed by Ares and Maven remain committed to the business.

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

November 29, 2021

Financial Services

Athene agreed to acquire a controlling stake in Aqua Finance, a Wisconsin-based consumer lending platform, from funds managed by Blackstone Tactical Opportunities at a valuation of approximately $1 billion. Apollo will manage the investment on behalf of Athene, while Blackstone will retain a minority stake; the investor group plans to support growth through technology investments and expanded origination capacity.

Thoma Bravo Acquires Majority Interest in Apttus

September 4, 2018

Software

Thoma Bravo signed a definitive agreement to acquire a majority interest in Apttus, a San Mateo–based provider of Quote-to-Cash, Contract Lifecycle Management and Middle Office software. The deal (expected to close in early October 2018) will pair Apttus’ enterprise revenue-management platform with Thoma Bravo’s software operating experience to accelerate growth and scale; financial and legal advisors and financing partners were disclosed but financial terms were not.