Foley's blank check company makes another deal

Foley Trasimene Acquisition Corp. ismerging with Alight Solutions.

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  • | 5:00 a.m. January 29, 2021
Fidelity National Financial Inc. Chairman Bill Foley
Fidelity National Financial Inc. Chairman Bill Foley
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Another blank check company formed by Fidelity National Financial Inc. Chairman Bill Foley announced a multibillion-dollar deal this week.

Foley Trasimene Acquisition Corp., a company formed to seek an acquisition, is merging with Alight Solutions, a provider of digital human capital and business solutions.

The merged company known as Alight Inc. is valued at $7.3 billion.

This follows the December deal of a different blank check company, Foley Trasimene Acquisition Corp. II, to acquire payment processing company Paysafe Group Holdings Ltd. in a deal valued at $9 billion.

Both deals include investments from subsidiaries of Fidelity and from Cannae Holdings Inc., an investment company spun off from Fidelity.

Rayonier adds two directors

Rayonier Inc. last week named two new directors to its board: Meridee Moore, founder and CEO of Watershed Asset Management LLC, and Matthew Rivers, director of alternate fuel origination at Draw Group plc.

The new directors fill two board vacancies for the timber and real estate company, which is headquartered in Wildlight in Nassau County.

Former U.S. Sen. Blanche Lincoln is retiring as a director and former Rayonier Chairman Richard Kincaid died last year.

Rayonier said its board now consists of CEO David Nunes and eight independent directors.