M&A Deal Summary

ING Groep Acquires Aetna Financial Services

On July 20, 2000, ING Groep acquired insurance company Aetna Financial Services from Aetna for 7.7B USD

Acquisition Highlights
  • This is ING Groep’s 2nd transaction in the Insurance sector.
  • This is ING Groep’s largest (disclosed) transaction.
  • This is ING Groep’s 4th transaction in the United States.
  • This is ING Groep’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2000-07-20
Target Aetna Financial Services
Sector Insurance
Buyer(s) ING Groep
Sellers(s) Aetna
Deal Type Add-on Acquisition
Deal Value 7.7B USD

Target

Aetna Financial Services

Connecticut, United States
Aetna Financial Services consists of Aetna's non-healthcare insurance products offerings.

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Buyer(S) 1

Buyer

ING Groep

Amsterdam, Netherlands
Category Company
Founded 1762
Sector Financial Services
Employees60,000
Revenue 22.4B USD (2023)
DESCRIPTION
ING branch in central Barcelona.
ING branch in central Barcelona.

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 founded in 1762 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 4 of 6
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 4 of 5
State (Connecticut) 1 of 1
Country (United States) 4 of 6
Year (2000) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 ReliaStar Financial

Minneapolis, Minnesota, United States

ReliaStar is a Minnesota-based life insurance company.

Buy $6.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-05 CitiStreet

North Quincy, Massachusetts, United States

CitiStreet LLC is a US-based retirement plan and benefit service and administration company, with additional operations in Australia for more than 16,000 plans and 12 million participants.

Buy $900M

Seller(S) 1

SELLER

Aetna

Hartford, Connecticut, United States
Category Company
Founded 1853
Sector Insurance
Employees50,100
Revenue 63.2B USD (2016)
DESCRIPTION

Aetna, Inc. is a diversified health care benefits company. Aetna offers medical, pharmaceutical, dental, behavioral health, long-term care, and disability health-care plans. Aetna was founded in 1853 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 1 of 7
Sector (Insurance) 1 of 3
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 3
Country (United States) 1 of 6
Year (2000) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-17 NYLCare Health Plans

New York, New York, United States

NYLCare Health Plans is the health insurance unit of life insurer New York Life Insurance Company.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-24 HMS Healthcare

Greenwood Village, Colorado, United States

HMS Healthcare, Inc. was a holding company that was established solely for the acquisition of Sloans Lake Managed Care ('SLMC') and PPOM LLC, two independent non-risk access preferred provider organizations ('PPOs').

Buy $390M
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