Athene - M&A Summary and Business Overview

InsuranceCompany

Athene M&A Summary

Athene has acquired 11 companies, including 6 in the last 5 years. A total of 3 acquisitions came from private equity firms.

Athene’s largest acquisition to date was in 2013, when it acquired Aviva USA for $1.6B. Athene has acquired in 8 different US states, and 4 countries. The Company’s most targeted sectors include insurance (46%) and financial services (37%).

Athene Business Overview

Where is Athene headquartered?

Athene is headquartered in Hamilton, Bermuda.

What is Athene’s revenue?

Athene disclosed revenue of 14,833M USD for 2020 and 16,258M USD for 2019.

How many employees does Athene have?

Athene has 1,350 employees.

What sector is Athene in?

Athene is an insurance company.

When was Athene founded?

Athene was founded in 2008.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity11
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 9
  • M&A Advisors 6

Athene

Athene Holding Ltd.

Washington House Second Floor 16 Church Street,
Hamilton, HM 11
Bermuda,
+441-279-8400
www.athene.com

Athene is a life insurance holding company focused principally on the retirement market and whose business, through its subsidiaries, is focused primarily on issuing or reinsuring fixed and equity indexed annuities. Athene was formed in 2008 and is based in Pembroke, Bermuda.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 5 2 4 - - - 11
vol $2.2B $875M $1.0B $4.1B
Sell (0.0/yr) # - - - - - - 0
  11

Most Recent M&A

Company Date Value Type
Petros PACE Finance LLC 2021-12-20 - Add-on Acquisition
Austin, Texas · www.petros-pace.com
Aqua Finance, Inc. 2021-11-29 1.0B USD Secondary Buyout
Wausau, Wisconsin · www.aquafinance.com
Nexera Holding LLC 2021-10-18 - Add-on Acquisition
Emeryville, California · www.newfi.com
Foundation Home Loans 2021-07-15 - Add-on Acquisition
Bracknell, United Kingdom · www.foundationforintermediaries.co.uk
Donlen Corp. 2020-11-25 875M USD Add-on Acquisition
Bannockburn, Illinois · www.donlen.com
Jackson National Life Insurance Co. 2020-06-18 - Stake Purchase
Lansing, Michigan · www.jackson.com
Aegon Ireland plc 2017-08-10 - Add-on Acquisition
Dublin, Ireland · www.aegon.ie
Delta Lloyd Deutschland AG 2015-01-15 - Divestiture
Wiesbaden, Germany · www.deltalloyd.de
Aviva USA Corp. 2013-10-02 1.6B USD Add-on Acquisition
West Des Moines,, Iowa
Investors Insurance Corp. 2011-07-19 - Divestiture
Jacksonville, Florida · www.investorsinsurancecorp.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 5 (45%) 2.2B (54%) - -
Financial Services 4 (36%) 1.0B (25%) - -
Business Services 2 (18%) 875M (22%) - -
Total 11 $4.1B - -

By Geo

State/Country Buy Value Sell Value
United States 8 4.1B - -
  Wisconsin 1 1.0B - -
  Texas 1 - - -
  South Carolina 1 628M - -
  Michigan 1 - - -
  Iowa 1 1.6B - -
  Illinois 1 875M - -
  Florida 1 - - -
  California 1 - - -
Germany 1 - - -
Ireland 1 - - -
United Kingdom 1 - - -
Domestic - - - -
Cross-border 11 (100%) 4.1B (100%) - -
Total 11 $4.1B - -

Top M&A Advisors

Financial Deals
Fenchurch Advisory Partners Ltd.
 1
Credit Suisse Investment Banking
 1
Ernst & Young Capital Advisors LLC
 1
Legal Deals
Sidley
 1
Linklaters
 1
Maples Group
 1

Deal Values

buy # Total
> $1B 2 $2.6B
$100M to $1B 2 $1.5B
TOTAL $4.1B
Largest Aviva USA Corp.
$1.6B (2013-10-02)

M&A Connections

Deals
Acquired from
Investor(s)
27%
3 (27%)
Strategic(s)
45%
5 (45%)

Company Summary

SECTOR

Insurance

Revenue

14,833   9% 2020
16,258   149% 2019
6,543   26% 2018
8,727   113% 2017
4,107   2016
(millions of USD) Show More Show Less

Employees

1,350

Established

2008

Public

NYSE: ATH

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Insurance Companies , Bermuda Companies

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