ING Groep Mergers and Acquisitions Summary

Financial ServicesCompany

ING Groep has acquired 6 companies. It has also divested 10 assets.

ING Groep’s largest acquisition to date was in 2000, when it acquired Aetna Financial Services for $7.7B. It’s largest disclosed sale occurred in 2011, when it sold ING Direct USA to Capital One Financial for $9.0B. ING Groep has acquired in 5 different US states. The Company’s most targeted sectors include financial services (50%) and insurance (34%).

Join Mergr and gain access to ING Groep’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity6
    • M&A Sell Activity10
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 9

ING Groep

ING Groep N.V.

Cedar Bijlmerdreef 106,
Amsterdam, 1102 CT
Netherlands,
+31 20 563 9111
www.ing.com

ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was incorporated in 1762 and is based in Amsterdam, the Netherlands.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.0/yr) # 6 - - - - - 6
vol $18.8B $18.8B
Sell (0.0/yr) # 10 - - - - - 10
vol $17.2B $17.2B
  16

Most Recent M&A

Company Date Value Type
ING Employee Benefits Global Network 2015-05-20 - Divestiture
Brussels, Belgium · www.ingemployeebenefits.com
Orange Life 2013-08-26 1.7B USD Divestiture
Seoul, South Korea · www.orangelife.co.kr
Voya Financial, Inc. 2013-05-01 - Spin Off
New York, New York · www.voya.com
Orange Policy Sdn Bhd 2012-12-18 1.7B USD Divestiture
Kuala Lumpur, Malaysia
ING Bank of Canada 2012-11-15 2.4B CAD Divestiture
Toronto,, Ontario
ING Insurance Bhd. 2012-10-11 1.5B EUR Divestiture
Kuala Lumpur, Malaysia · www.ing.com.my
CBRE Clarion Securities 2011-07-01 940M USD Divestiture
Radnor, Pennsylvania · www.cbreclarion.com
ING Direct USA 2011-06-16 9.0B USD Divestiture
Wilmington, Delaware
Cetera Financial Group 2010-02-01 - Divestiture
El Segundo, California · www.cetera.com
ING Reinsurance 2010-01-04 - Divestiture
Minneapolis, Minnesota
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (50%) 4.1B (22%) 5 (50%) 12.3B (71%)
Insurance 2 (33%) 13.8B (73%) 5 (50%) 4.9B (29%)
Business Services 1 (17%) 900M (5%) - -
Total 6 $18.8B 10 $17.2B

By Geo

State/Country Buy Value Sell Value
United States 6 18.8B 5 9.9B
  Massachusetts 2 1.8B - -
  New York 1 600M 1 -
  Minnesota 1 6.1B 1 -
  Iowa 1 2.6B - -
  Connecticut 1 7.7B - -
  Pennsylvania - - 1 940M
  Delaware - - 1 9.0B
  California - - 1 -
Malaysia - - 2 3.2B
Belgium - - 1 -
Canada - - 1 2.4B
  Ontario - - 1 2.4B
South Korea - - 1 1.7B
Domestic - - - -
Cross-border 6 (100%) 18.8B (100%) 10 (100%) 17.2B (100%)
Total 6 $18.8B 10 $17.2B

Deal Values

buy # Total
> $1B 3 $16.4B
$100M to $1B 3 $2.4B
TOTAL $18.8B
Largest Aetna Financial Services
$7.7B (2000-07-20)
sell # Total
> $1B 5 $16.3B
$100M to $1B 1 $940M
TOTAL $17.2B
Largest ING Direct USA
$9.0B (2011-06-16)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
2 (33%)
Divested to
Investor(s)
20%
2 (20%)
Strategic(s)
70%
7 (70%)

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