Voya Financial To Pay OneAmerica Financial Partners $50M On Its Full-service Retirement Recordkeeping Business Deal Close Plus Contingent Consideration Up To $160M On Retained Revenues Of Business
Portfolio Pulse from Benzinga Newsdesk
Voya Financial has agreed to pay OneAmerica Financial Partners $50 million upon closing a deal for its full-service retirement recordkeeping business. Additionally, Voya may pay up to $160 million in contingent consideration based on retained revenues.
September 13, 2024 | 10:18 am
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Voya Financial is acquiring OneAmerica's full-service retirement recordkeeping business for $50 million, with potential additional payments up to $160 million based on revenue retention.
The acquisition of OneAmerica's retirement recordkeeping business could enhance Voya's market position and revenue streams. The contingent consideration indicates confidence in future revenue retention, which is positive for Voya's growth prospects.
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