Athene Holding Ltd. (NYSE:ATH) entered into a definitive agreement to acquire Petros PACE Finance, LLC on December 20, 2021. Co-founders Mansoor Ghori and Jim Stanislaus will continue to lead company, who will retain a minority interest in the Company. The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2022. CIBC Capital Markets is serving as financial advisor to Athene, and Steven R. Shoemate of Gibson, Dunn & Crutcher LLP and Sidley Austin LLP are serving as legal advisors to Athene. Barclays is serving as financial advisor to Petros, and Sven Mickisch, Alec Jarvis, Joseph Penko, and Brian Christiansen of Skadden, Arps, Slate, Meagher & Flom LLP and Winston & Strawn LLP are serving as legal advisors to Petros.

Athene Holding Ltd. completed the acquisition of Petros PACE Finance, LLC on January 18, 2022.