Bill foley spac alight

This SPAC's sponsor, Bill Foley, may not have the clout of the most well-known "SPAC Impresario," Chamath Palihapitiya. But Foley is fast becoming one of the more prolific SPAC sponsors out ...

So AFS is the Prime contractor and will sub out majority of the work to Alight as Alight is the subject matter expert in managing what the contract requirements call for, Modernization of account access, record keeping etc. But more importantly Alight will be providing the account access interface portion of the contract.Foley-backed SPAC agrees to $7.3 bln deal with Blackstone's Alight. A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group, public in a deal valued at $7.3 billion, the companies said on Monday.

Foley-Backed SPAC Is Said to Near $7.3 Billion Deal With Alight ... Solutions is nearing a deal to go public via a merger with a blank-check special acquisition firm backed by investor Bill Foley ...Foley-backed SPAC agrees to $7.3 billion deal with Blackstone's Alight. A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group, public in a deal valued at ...

Alight Solutions to go public by merging with SPAC The deal with Foley Trasimene values Blackstone Group's benefits administrator at about $7.3 billion including debt. The SPAC, Foley Trasimene Acquisition Corporation, which is backed by investor Bill Foley, originally went public in August 2020. Cannae Holdings, Inc.Partnering with proven SPAC sponsor Bill Foley positions Alight to become the preeminent employee engagement partner for employers of all sizes," said Stephan Scholl, CEO of Alight ...Considering the amount of revenue Alight already has, the consistency of that revenue + the steady future growth AND it's cheap valuation compared to it's peers, this one looks like a clear winner. Not to mention that you have one of the best in the business at the helm leading the charge, Bill Foley.

Bill Foley-Backed SPAC Makes $7.3B Deal With Alight. Foley has helped build and lead companies including Fidelity National Financial. ... Paysafe to Go Public in $9 Billion Deal. Bill Foley has a track record of SPAC mergers in financial services. He previously teamed with Blackstone to buy Fidelity & Guaranty Life. December 7, 2020.

Blackstone and Alight declined to comment, while a Foley spokesman did not immediately respond to a request for comment. Foley Trasimene is a so-called special purpose acquisition company (SPAC), which raised $900 million in an IPO in May to merge with a private company, without telling investors in advance what that company would be.

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Jan 25, 2021 · Partnering with proven SPAC sponsor Bill Foley positions Alight to become the preeminent employee engagement partner for employers of all sizes,” said Stephan Scholl, CEO of Alight. “Now more than ever, employees and employers are facing incredible challenges that are impacting their ability to thrive.
By Anirban Sen and David French (Reuters) - A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group, public in a deal valued at $7.3 billion, the companies said on Monday. Reuters was first to report on Sunday […]

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Foley's SPAC in $7.3B Deal to Take Blackstone's Benefits Firm Alight Public. ... 2021 A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U ...