Kirkland Represents Alight Solutions on Merger with Foley Trasimene Acquisition Corp.

Kirkland & Ellis advised Alight Solutions, a leading cloud-based provider of integrated digital human capital and business solutions, on its business combination agreement with Foley Trasimene Acquisition Corp. (NYSE: WPF, WPF WS), a special purpose acquisition company. The transaction reflects an implied pro-forma enterprise value for Alight of approximately $7.3 billion. Upon closing of the transaction, the combined company will operate as Alight, Inc. and plans to list under the symbol ALIT. Completion of the transaction is subject to customary closing conditions and regulatory approvals. The transaction is expected to close in the second quarter of 2021.
 
Read the Alight Solutions press release
 
The Kirkland team was led by transactional partners Lauren Colasacco, Andrew Arons, Peter Martelli and Arlene Ortiz-Leytte and associate Jordan Federer, capital markets partners Joshua Korff and Michael Kim, tax partners Dean Shulman and Sehj Vather and associate Jake Jung, executive compensation partners Michael Krasnovsky and Ian Sherwin, and debt partner Nicholas Schwartz.