American Equity Announces Closing of Initial 9.9% Equity Investment From Brookfield Asset Management and Expands Execution of Share Repurchase With New Accelerated Share Repurchase Program
Round Type
Venture
Des MoinesFinancial ServicesDescription
American Equity Investment Life Holding Company (NYSE: AEL) announced today that following Hart-Scott-Rodino approval, it has closed an initial equity investment of 9,106,042 shares at $37.00 per share from Brookfield Asset Management Inc. as part of a previously announced strategic partnership. With this investment and the accelerated share repurchase and other share repurchases described below, Brookfield owns an approximate 9.9% equity interest in American Equity and is entitled to one seat on the company’s Board of Directors. Sachin Shah, Managing Partner and Chief Investment Officer of Brookfield, has joined American Equity’s Board of Directors, which expanded the size of the Board to 14 members.
Quick answer
American Equity raised an undisclosed amount in a funding round, dated December 1, 2020. American Equity is based in Des Moines, Iowa, United States.
- How much did American Equity raise?
- American Equity raised an undisclosed amount in a funding round on December 1, 2020.
- What does American Equity do?
- American Equity Investment Life Holding Company is a leading annuity company operating in the U.S. annuity markets.
- Where is American Equity based and how big is it?
- American Equity is based in Des Moines, Iowa, United States.
- Who are the decision-makers at American Equity?
- Fundz holds 4 contacts at American Equity, including the CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services around the same time
Companies in the same sectors as American Equity that raised within 45 days of this round, from Fundz verified event records.
- Discover raised an undisclosed amount on January 15, 2021.
- DRIP CAPITAL raised $1B (Funding Round) on January 14, 2021.
- Rapyd raised $300M (Funding Round) on January 13, 2021.
- Mx raised $300M (Series C) on January 13, 2021.
- PolySign, Inc. raised $7.7M on January 12, 2021.
- Enfusion raised $150M on January 11, 2021.
Who to call at American Equity, and when
A new round usually means American Equity is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day American Equity raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at American Equity, from your own LinkedIn network
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Related People
American Equity raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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