M&A Deal Summary |
|
|---|---|
| Date | 2019-12-18 |
| Target | Voya Financial - Individual Life Business In-force Business |
| Sector | Insurance |
| Buyer(s) | Resolution Life Holdings |
| Sellers(s) | Voya |
| Deal Type | Divestiture |
| Deal Value | 1.3B USD |
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Resolution Life Holdings, Inc. is a Delaware corporation established by British financial services investor, The Resolution Group. Its strategy is to acquire a number of life insurance businesses in the United States and focus on the needs of existing customers over the long run, rather than actively seeking new sales. Resolution Life is separate from Resolution Limited, a company publicly traded on the London Stock Exchange, which also was founded by The Resolution Group.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Insurance) | 2 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (New York) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-17 |
Lincoln Benefit Life Company
Lincoln, Nebraska, United States Based in Lincoln, Neb., Lincoln Benefit Life Company was founded in 1938. Lincoln Benefit Life products are sold through independent agents by means of master brokerage agencies, independent agents, and Allstate exclusive agencies in all states except New York, the District of Columbia, Guam and the U.S. Virgin Islands. |
Buy | $600M |
| Category | Company |
|---|---|
| Founded | 1999 |
| Sector | Financial Services |
| Employees | 9,000 |
| Revenue | 7.2B USD (2023) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (New York) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-11 |
Pen-Cal Administrators
Pleasanton, California, United States Pen-Cal Administrators, Inc. is a provider of nonqualified deferred compensation benefit plans and consulting services. Pen-Cal Administrators was founded in 1980 and is based in Pleasanton, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-10 |
Benefit Strategies
Manchester, New Hampshire, United States Benefit Strategies is a third-party administrator of health savings and spending accounts. Benefit Strategies provides administrative services for COBRA, direct billing, flexible spending accounts (FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), and other services to more than 3,400 employers and nearly 370,000 participant accounts throughout the U.S. Benefit Strategies was founded in 1989 and is based in Manchester, New Hampshire. |
Buy | - |
