Announced
Completed
Financials
Tags
Private Equity
Single Bidder
asset management
financial services
Private Equity
Private
Acquisition
Majority
Domestic
Friendly
United States
Completed
Synopsis
Voya, a financial services company that specializes in the fields of retirement, investments, and insurance, completed the acquisition of the US asset management business of Allianz, an integrated financial services company. Financial terms were not disclosed. “We are very excited about this potential transaction and all of the benefits that it would enable Voya IM to bring to our clients, our distribution partners, and our talented investment professionals and employees. We have long identified increased scale and broader international distribution as attractive growth priorities, and this transaction would help us achieve those objectives while complementing our continued focus on private strategies and alternative investments, particularly given the strong global demand for these strategies that we are seeing from institutional investors and advisors,” Christine Hurtsellers, Voya Chief Executive Officer.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.