Apollo’s Rowan Makes Imprint Felt With $11 Billion Athene Deal
- Private equity firm was already Athene’s largest shareholder
- Rowan says the deal is ‘accretive unlike any other’ he’s seen
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It only took a few weeks for Marc Rowan to put his stamp on Apollo Global Management Inc.
Rowan, the private equity firm’s co-founder and incoming chief executive officer, was the force behind an $11 billion deal that will remake the business: Monday’s announcement of a full acquisition of Athene Holding Ltd. In one move, he not only reshaped Apollo, but also showed the world that the firm is moving past the 30-year reign of Leon Black.