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 US$7.3 billion, the companies said on Monday.
Based in Lincolnshire, Illinois, Alight offers cloud-based benefits administration and human resources services to businesses, including 70per cent of the Fortune 100 companies, in 188 countries, according to its website.It was acquired by Blackstone in 2017 from insurance broker Aon, in a deal that valued it at up to US$4.8 billion.
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