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Business 26 Jan 2021 | 7:00 AM

Foley-backed FTAC close to clinching US$7.3bil deal

NEW YORK: Blackstone Group Inc’s Alight Solutions is nearing a deal to go public via a merger with a blank-cheque special acquisition firm backed by investor Bill Foley, according to a person familiar with the matter.

Business 21 Dec 2020 | 7:00 AM

Blackstone in talks to merge unit Alight

NEW YORK: Private equity firm Blackstone Group Inc is in talks to merge US benefits services provider Alight Solutions LLC with a blank-check acquisition firm backed by veteran investor Bill Foley, according to people familiar with the matter.