To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Transaction strengthens Athene-Apollo strategic partnership through deeper strategic and economic alignment, Single class share structure increases Athenes index eligibility and broadens appeal with institutional investors, offering a simpler, more transparent structure that is easier to understand, Transaction provides significant signal of mutual support for the continued growth of both companies, Transaction strengthens Athenes excess capital base by approximately $1 billion for future growth, Mutual equity ownership provides attractive financial investment for both companies. NEW YORK, January 24, 2022 Apollo (NYSE: APO) and its subsidiary Athene today announce they have entered into a strategic relationship with BNP Paribas, a premier global bank, to provide a dynamic new solutions platform for working capital and supply chain needs with the establishment of Eliant Inventory Solutions LP ("Eliant"). Apollo already had a close relationship with Athene. As part of the transaction, Athene has granted Apollo, for a period of up to 180 days after the closing, the right to purchase additional Athene common shares if necessary in order for Apollo and certain related parties and employees to beneficially own, in total, 35% of the total Athene common shares outstanding, on a fully diluted basis. The number of directors Apollo may nominate will be proportionate to Apollos operating group entities beneficial ownership of Athene. The combined company would have a market capitalization, or total stock value, of $29 billion. This communication is being made in respect of the proposed transaction involving Athene, Apollo and Apollos operating group subsidiaries. Stay informed and spot emerging risks and opportunities with independent global reporting, expert In addition, Athene has eliminated its multi-class share structure, which the companies expect will significantly improve Athenes index inclusion eligibility and expand Athenes investor base. Living in upstate New York, Susan Sherwood is a researcher who has been writing within educational settings for more than 10 years. For Athene, assuming utilization of the increased repurchase authorization and a total return for its Apollo holding in line with analyst consensus targets for dividend and stock price appreciation, the proposed transaction is expected to be approximately 1.5% accretive to Athenes operating earnings per share in year one and approximately 1% dilutive to adjusted book value per share at closing. Investors:Noah GunnGlobal Head of Investor Relations, Apollo (212) 822-0540IR@apollo.com, Media:Joanna RoseGlobal Head of Corporate Communications, Apollo(212) 822-0491Communications@apollo.com, Amanda Carstens Steward Head of Marketing & Corporate Communications, Athene(515) 342 6473Asteward@athene.com, Media:Guild Taylor (332) 323-3704Guild.Taylor@us.bnpparibas.com, Robert Madden(917) 287-8501Robert.Madden@us.bnpparibas.com, Apollo Global Management, Inc.; BNP Paribas; Athene. Apollo Global Management Inc. said it . Athene ATH has agreed to merge with Apollo Global Management APO in an $11 billion all-stock deal. Apollo and Athene to Merge in All-Stock Transaction On Mar 8, 2021, Apollo ( NYSE: APO) and Athene ( ATH) announced their merger. Premium access for businesses and educational institutions. Athene is reinsuring $27 billion in Jackson liabilities. When used in this press release, the words believe, anticipate, estimate, expect, intend, may, will, could, should, might, plan, seek, continue and similar expressions are intended to identify forward-looking statements. analyse how our Sites are used. Apollo and its operating group entities will enter into a lock-up on their existing and newly acquired shares of Athene for three years from the initial closing date. Apollo Announces Further Expansion of its Insurance Asset Apollo said Monday in the deal announcement that Apollo and Athene would continue to operate as separate companies under their current managers. Apollo believes these factors include but are not limited to those described under the section entitled Risk Factors in the joint proxy statement/prospectus filed by Apollo Global Management, Inc. (formerly known as Tango Holdings, Inc.) with the Securities and Exchange Commission (the SEC) on November 5, 2021, Apollo Asset Management Inc.s (AAM, formerly known as Apollo Global Management, Inc.) Annual Report on Form 10-K filed with the SEC on February 19, 2021 and Quarterly Report on Form 10-Q filed with the SEC on May 10, 2021, and Athenes Annual Report on Form 10-K filed with the SEC on February 19, 2021, amendment to its Annual Report on Form 10-K/A filed with the SEC on April 20, 2021 and Quarterly Report on Form 10-Q filed with the SEC on November 8, 2021, as such factors may be updated from time to time in Apollos, AAMs or Athenes periodic filings with the SEC, which are accessible on the SECs website at http://www.sec.gov. As part of the proposed transaction, Athene has agreed to grant Apollo, for a period of up to 180 days after the closing, the right to purchase additional Athene common shares if necessary in order for Apollo and certain related parties and employees to beneficially own, in total, at least 35% of the total Athene common shares outstanding, on a fully diluted basis. Eliant will focus on critical and strategic inventory for high-quality, global customers, employing diligent underwriting that aligns with the investment philosophies of Apollo and Athene and adds to their portfolio of origination platforms spanning commercial and consumer lending. Apollo Global Management Inc. is moving to gain full control over Athene Holding Ltd., a large life insurer. The private equity firm said last month it would look in to changing its corporate governance structure, getting rid of shares with special voting rights that currently give Black and other co-founders effective control of the firm. Hercules had to perform 12 labors as punishment for the deaths, and Athena assisted him with two: killing the Nemean lion and vanquishing the Stymphalian Birds. NEW YORK, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Apollo and Athene today announced the successful completion of their merger under Apollo Global Management, Inc. (NYSE: APO), a high-growth. Apollo Global Completes Strategic Transaction With Athene Athene and Apollo have developed a special and symbiotic relationship since Athene's inception a decade ago. Dont forget you can visit MyAlerts to manage your alerts at any time. Rowan, who co-founded Apollo 31 years ago, has been tasked with running the New York-based firm after board Chairman Leon Black said in January he would step down as chief executive by July, following an independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein. She has co-authored papers for Horizons Research, Inc. and the Capital Region Science Education Partnership. See here for a complete list of exchanges and delays. Factors that could cause actual results, events and developments to differ include, without limitation: Athenes failure to recognize the benefits expected to be derived from the transaction; the accuracy of Athenes assumptions and estimates; Athenes ability to maintain or improve financial strength ratings; Athenes ability to manage its business in a highly regulated industry; regulatory changes or actions; the impact of Athenes reinsurers failing to meet their assumed obligations; the impact of interest rate fluctuations; changes in the federal income tax laws and regulations; the accuracy of Athenes interpretation of the Tax Cuts and Jobs Act, litigation (including class action litigation), enforcement investigations or regulatory scrutiny; the performance of third parties; the loss of key personnel; telecommunication, information technology and other operational systems failures; the continued availability of capital; new accounting rules or changes to existing accounting rules; general economic conditions; Athenes ability to protect its intellectual property; the ability to maintain or obtain approval of the Delaware Department of Insurance, the Iowa Insurance Division and other regulatory authorities as required for Athenes operations; and other factors discussed from time to time in Athene's filings with the SEC, including its annual report on Form 10-K for the year ended December 31, 2019, which can be found at the SECs website www.sec.gov. Noah Gunn The terms of an all-stock tax-free transaction are straightforward: Athene's shareholders will get 1.149 shares. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Eliant will focus on critical and strategic inventory for high-quality, global customers, employing diligent underwriting that aligns with the investment philosophies of Apollo and Athene and adds to their portfolio of origination platforms spanning commercial and consumer lending. PEMBROKE, Bermuda & NEW YORK--(BUSINESS WIRE)--Athene Holding Ltd. (Athene) (NYSE: ATH), a leading retirement services company, and Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo), a leading global alternative investment manager, announced the closing of their previously announced strategic transaction after having obtained customary shareholder and regulatory approvals. Her domain was the wilderness. Athene will be seeking shareholder approval for the proposed transaction, and the proposed transaction is expected to be completed promptly after Athenes shareholder approval is obtained and all required regulatory approvals are received. Niobe, queen of Thebes, bragged that, having born 14 children, she deserved more honor than Leto. About AtheneAthene, a subsidiary of Apollo, is a leading retirement services company with total assets of $224.4 billion as of September 30, 2021 and operations in the United States, Bermuda, and Canada. At four days old, Apollo killed Python, a giant snake who had raped the pregnant Leto. An Apollo-Artemis marriage tempers goal-seeking (and adventure) with good sense. Compare Standard and Premium Digital here. Apollo's merger with Athene highlights PE's rush for permanent capital Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. With the recent overwhelming shareholder approval, Athene has eliminated its historical multi-class share structure and is now fully eligible for inclusion in a major S&P index. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Apollo had assets under management of approximately $331 billion as of December 31, 2019 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Individuals who embody Apollo live the "life of the mind," unconnected to their emotions or bodies. A special committee of certain disinterested members of the Athene board and the conflicts committee of the Apollo board have approved the merger unanimously. About ApolloApollo is a global, high-growth alternative asset manager. cookies The deal is expected to be completed in January 2022. Based on the Word Net lexical database for the English Language. Apollo Global to buy insurance affiliate Athene for $11 billion Athene Safe Harbor for Forward-Looking Statements. Why 1966 Was the Worst Year to Retire (and Why It Matters in 2023), American Equity Agrees to $4.3B Offer From Brookfield Re, Brookfield Re Makes $4.3B Offer to Buy American Equity, Ascendant to Test Investor Appetite for Annuity Assets, California Annuity Sales Rule Bill Faces Consumer Group Opposition. Athene Safe Harbor for Forward-Looking Statements. Athene and Apollo have developed a special and symbiotic relationship since Athenes inception more than a decade ago. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. Apollo Global Management, Inc. Private equity specialist Apollo Global and life and retirement reinsurance company Athene Holding Ltd. are set to merge, in a transaction that values the latter at $11 billion and the combined. Apollo created the oracle of Delphi, consulted by many Greeks seeking to know their fates. The companies announced Monday that they have agreed to merge by swapping stock, through a transaction that implies a $11 billion total value for Athene. Apollo to Acquire Athene Through $11B Deal | ThinkAdvisor All other uses, submit a request to These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in other filings. Apollo Partner Ephraim Rudman said, Together with Athene, we have established Eliant to serve the growing market for flexible inventory and trade finance solutions, while helping our clients access high-quality, recurring asset origination. Tufts University: Athena, Goddess of Wisdom, Greeka.com: Leto, Mother of Apollo and Artemis. He was the god of laws. Eliant provides domestic and multinational companies with strategic and responsive inventory capital solutions to better optimize their supply chains and balance sheets, and buffer inventories. If Apollo were to also include its pro rata share of Athenes adjusted operating earnings, the transaction would be meaningfully accretive to its earnings per share. Apollo buying 18% incremental stake in Athene at a premium to increase alignment. Athenes bye-laws have been amended and restated to eliminate its multi-class share structure with all outstanding shares of Athenes Class B Common Shares converted into shares of Class A Common Shares, and all outstanding Class M Common Shares converted into a combination of Class A Common Shares and warrants to purchase Class A Common Shares. For cost savings, you can change your plan at any time online in the Settings & Account section. Introduction On March 8th, 2021, Apollo Global Management, Inc., a major publicly owned investment manager, and Athene Holding Ltd, a leading retirement services company, announced a definitive agreement for Apollo to acquire Athene in a $7.2bn all-stock transaction. Predictably, Marsyas lost, and Apollo had him flayed alive. These statements are subject to certain risks, uncertainties and assumptions, including risks relating to our dependence on certain key personnel, our ability to raise new private equity, credit or real asset funds, market conditions, generally, our ability to manage our growth, fund performance, changes in our regulatory environment and tax status, the variability of our revenues, net income and cash flow, our use of leverage to finance our businesses and investments by our funds and litigation risks, among others. March 08, 2021 at 11:45 AM We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. The combined. 2023 ALM Global, LLC, All Rights Reserved. Media: Apollo Joanna Rose Global Head of Corporate Communications 212 822 0491 Communications@apollo . Institutional products, such as funding agreements and group annuity contracts related to pension risk transfers. 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, or continues or similar expressions. Keep abreast of significant corporate, financial and political developments around the world. Apollo has been getting paid lucrative fees by Athene, in which it controls a 35% stake, for more than a decade, providing asset allocation services and directly managing a portion of Athenes assets across its investment platform, primarily in its ever-expanding credit business. 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, or continues or similar expressions. Apollo's merger with Athene: a Final $29bn-Step in a Long-lasting Apollo is aNew York-based investment company that already has 45% of the voting power of Athenes stock, and big investments in many other companies. Founded in 2009, Athene is Driven to Do More for our policyholders, business partners, and the communities in which we work and live. About EliantEliant delivers supply chain resiliency and flexibility through creative working capital solutions. Athene, as you know, is roughly 40% of Apollo's AUM and generates 30% of our FRE revenue, whatever concern people might have had about contract instability, is now fully aligned. The Group has key positions in its three main fields of activity: Retail Banking for the Groups retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. For a full comparison of Standard and Premium Digital, click here. Apollo: god of music. When Leto became pregnant, she was banished from Olympus, home of the gods. Athene isthe Hamilton, Bermuda-based company that worked with Venerable to acquire a $19 billion block of fixed and indexed annuities from Voya Financial through a reinsurance arrangement in June 2018, and a $27 billion block of traditional fixed annuity and indexed annuity liabilities from Jackson, the U.S. arm of Prudential PLC of London, in June 2020. These statements are based on the beliefs and assumptions of Athene's management and the management of Athene's subsidiaries. Under terms of the deal, each outstanding class A common share of Athene will be exchanged for 1.149 shares of Apollo common stock, representing a premium of about 16.5% to Athenes closing share price on Friday. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. Check if your These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, management. 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. Apollos operating group entities will have the right in the future to acquire directly from Athene a number of shares that would result in Apollo and certain related parties and employees beneficially owning up to an additional 5% in the aggregate of Athenes outstanding shares of common shares, pro forma for such issuance, at a price based on an agreed upon mechanism. jrose@apollo.com, Internet Explorer presents a security risk. Its existing stake in Athene did not contribute to earnings under accounting rules, despite representing 40% of Apollos assets under management and 30% of its fee-related income. Goddesses in Everywoman (HarperCollins, 1984, Last edited on 25 December 2022, at 13:34, https://en.wikibooks.org/w/index.php?title=Relationships/Apollo-Artemis&oldid=4222921. Athene will serve as the primary capital provider to Eliant, while Apollo will act as the investment manager, supporting an in-house team at Eliant that is delivering customized supply chain inventory solutions to customers across industries and geographies. NEW YORK and HAMILTON, Bermuda, March 08, 2021 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) and Athene (NYSE: ATH) have entered into a definitive agreement to merge in an all-stock transaction that implies a total equity value of approximately $11 billion for Athene. Athenas mother was the nymph Metis. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe. Noah Gunn In connection therewith, the parties intend to file relevant materials with the Securities and Exchange Commission (the SEC), including a definitive proxy statement, which will be mailed to the stockholders of Athene. 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. or She wore a helmet and carried a shield. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.

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