Markets

Athene Holding to Buy Majority Stake in Newfi for Undisclosed Sum

9:55AM ET 10/18/2021 MT Newswires
Athene Holding (ATH) has signed a definitive deal to acquire a majority stake in multi-channel mortgage lender Newfi from Warburg Pincus, Newfi said Monday, without disclosing the transaction value.

Newfi said the investment will be managed by Apollo Global Management (APO) and that the transaction is expected to close in Q1 of 2022.

Price: 76.06, Change: +0.31, Percent Change: +0.40