News & Announcements

Weil Advises Blackstone in its Pending $1B Sale of Aqua Finance, Inc.

Weil is advising Blackstone in its pending $1 billion sale of Aqua Finance, Inc., a specialist lending platform that originates and services consumer loans, primarily for home improvement and water treatment, to Athene Holding, under an arrangement whereby Blackstone will maintain a minority stake in Aqua and Aqua will be managed by Apollo Management on behalf of Athene. The transaction is expected to close in the first half of 2022, subject to customary closing conditions and regulatory approvals.

The Weil team advising Blackstone is led by Private Equity partners Christopher Machera and Jenna McBain and includes Private Equity associates Nicole ChenThomas FormanRachel Lowitz, Ali Habhab and Matt Tobolski. The team also includes Tax partner Hillel Jacobson; Tax associate Nikolai Karetnyi; Banking & Finance partner Andrew Colao; Banking & Finance associate Angel Torres; Antitrust counsel Michael Naughton and Rob Meyer; and Antitrust associate Marie-Marie de Fays.