Athora has completed its third capital raise, securing a total of €2.75bn of additional permanent equity capital commitments from new and existing shareholders.
The firm said in a statement that the money raised included commitments of over €2bn that was previously announced at the beginning of November. Athora said that the capital has been conducted as a private placement of common equity securities.
Mike Wells, CEO of Athora Group, said: “The completion of this capital raise will allow Athora to further enhance its position as a leading European savings and retirement services group, and demonstrates the strength of our business model and growth strategy.”
He added: “In each capital raise, Athora has added new leading investors to the shareholder base, a testament to Athora’s strong market positioning and attractive business model. As a long-term savings and retirement services group, the support of an investor base with a long-term focus positions Athora uniquely in the industry.”
Since its inception in 2018, Athora has raised circa €6.75bn of total equity capital. The firm said that the additional undrawn capital will allow it to continue to execute on its growth strategy, further establishing scaled positions in key European markets.
Athora continues to be supported by sovereign, pension and other institutional investors. Apollo (including Athene) has committed €600m in total as part of this capital raise, as previously announced on 2 November 2022.
