Wall Street Oasis - Investment Banking & Finance Community: Contemplating ING US (VOYA)

Wall Street Oasis - Investment Banking & Finance Community The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play.

Contemplating ING US (VOYA) May 21st 2013, 01:00 Ran into ING US (VOYA) while hunting for cheap price to book investments. It has turned into a bit more interesting than just that metric and indeed may be an aig-style investment. A background: ING US is a financial services company that until recently was part of the Dutch company ING Groep NV. It, like many global financial services companies, went to the brink of catastrophe in 2008 and more specifically received a $13.5B tarp-like capital injection from the the Dutch State. Since then, ING has been selling assets to repay the bailout, most recently with the IPO of ING US (to be renamed VOYA Financial in 2014). Key points of a long view here include: 1) forced selling by ING's parent 2) a stabilizing retirement, insurance & asset management business: read more Media files: preview (image/jpeg, 0 MB)

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