Voya - M&A Summary and Business Overview

Financial ServicesCompany

Voya M&A Summary

Voya has acquired 4 companies, including 3 in the last 5 years. It has also divested 2 assets.

Voya’s largest acquisition to date was in 2022, when it acquired Benefitfocus for $570M. It’s largest disclosed sale occurred in 2019, when it sold Voya Financial - Individual Life Business In-force Business to Resolution Life Holdings for $1.3B. Voya has acquired in 4 different US states. The Company’s most targeted sectors include business services (50%) and financial services (25%).

Voya Business Overview

Where is Voya headquartered?

Voya is headquartered in New York, New York.

What is Voya’s revenue?

Voya disclosed revenue of 7,213M USD for 2023 and 5,812M USD for 2022.

How many employees does Voya have?

Voya has 9,000 employees.

What sector is Voya in?

Voya is a financial services company.

When was Voya founded?

Voya was founded in 1999.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 5

Voya

Voya Financial, Inc.

230 Park Avenue,
New York, New York 10169
United States,
(212) 309-8200
www.voya.com

Voya is a diversified financial services company, that offers retirement, investment, and insurance products within the US. Voya was founded in 1999 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - 1 1 - 1 4
vol $570M $570M
Sell (0.0/yr) # 2 - - - - - 2
vol $1.3B $1.3B
  6

Most Recent M&A

Company Date Value Type
OneAmerica Financial’s Retirement Plan Business 2024-09-11 - Divestiture
Indianapolis, Indiana
Benefitfocus, Inc. 2022-11-01 570M USD Going Private
Charleston, South Carolina · www.benefitfocus.com
Benefit Strategies LLC 2021-05-10 - Add-on Acquisition
Manchester, New Hampshire · www.benstrat.com
Voya Financial, Inc. - Individual Life Business In-force Business 2019-12-18 1.3B USD Divestiture
New York, New York
Pen-Cal Administrators, Inc. 2018-05-11 - Add-on Acquisition
Pleasanton, California · www.pencal.com
Venerable Holdings, Inc. 2017-12-21 - Divestiture
West Chester, Pennsylvania · www.venerable.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 2 (50%) - - -
Financial Services 1 (25%) - 1 (50%) -
Internet Software and Services 1 (25%) 570M (100%) - -
Insurance - - 1 (50%) 1.3B (100%)
Total 4 $570M 2 $1.3B

By Geo

State/Country Buy Value Sell Value
United States 4 570M 2 1.3B
  South Carolina 1 570M - -
  New Hampshire 1 - - -
  Indiana 1 - - -
  California 1 - - -
  Pennsylvania - - 1 -
  New York - - 1 1.3B
Total 4 $570M 2 $1.3B

Top M&A Advisors

Financial Deals
Perella Weinberg Partners
1
Goldman Sachs
1
Legal Deals
Eversheds LLP
1
Willkie Farr & Gallagher
1
Cleary Gottlieb Steen & Hamilton
1

Deal Values

buy # Total
$100M to $1B 1 $570M
TOTAL $570M
Largest Benefitfocus, Inc.
$570M (2022-11-01)
sell # Total
> $1B 1 $1.3B
TOTAL $1.3B
Largest Voya Financial, Inc. - Individual Life Business In-force Business
$1.3B (2019-12-18)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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