Athene Acquires Majority Stake in Newfi (Investment Managed by Apollo)
October 18, 2021
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.
- Buyers
- Athene, Apollo Global Management
- Targets
- Newfi (Newfi Lending)
- Sellers
- Warburg Pincus
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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