Apparently, according to Bloomberg News, Apollo Global Management LLC, the owner of Athene Life Insurance is now in the lead in a joint bid with Guggenheim Partners LLC to purchase the life division from Aviva USA. This puts Apollo ahead of Harbinger Capital LLC, owner of Fidelity and Guaranty. We already know, per the CFO of Aviva, Pat Regan, that Aviva is prepared to sell the unit at a substantial discount from what they paid for it. Apollo has just recently boosted capital at Athene Holdings by $800 million which is enough money for a significant part of the deal.
Per the Bloomberg article Harbinger, Apollo, Guggenheim and Aviva all declined to comment.
Read full article here: Apollo Said to Be in Lead to Buy Aviva U.S