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RBC Capital Markets head sees U.S. as biggest growth opportunity
Matthew Monks and Kevin Orland, Bloomberg News
RBC CEO sees strong recovery for Canada in the later half of 2021 VIDEO SIGN OUT
Royal Bank of Canadaâs capital markets chief says that even after two decades of expansion in the U.S., the country remains its biggest opportunity for growth.
RBC Capital Markets sees the potential to boost its market share in the U.S. from its current level of about 2.5 per cent to as much as 4 per cent over time, Chief Executive Officer and group head Derek Neldner said in an interview. While that wonât happen overnight, âclearly the U.S. is still our primary focus,â he said.
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. Blackstone bought the unit from Aon in 2017.
January 26, 2021
Blackstone Group Inc.’s Alight Solutions has agreed to go public via a merger with a special purpose acquisition company backed by investor Bill Foley.
The deal by Foley Trasimene Acquisition Corp would value Alight, a benefits administrator business, at about $7.3 billion including debt, the companies said in a statement Monday.
Based in Lincolnshire, Illinois, Alight provides human-resource support services such as payroll, health benefits and employee communications for large companies in 188 countries, according to its website. The company was a division of Aon until Blackstone bought it in 2017 in a transaction valued as much as $4.8 billion. Since then, Alight has acquired several other human resources and technology companies.
(Bloomberg) Blackstone Group Inc.’s Alight Solutions has agreed to go public via a merger with a special purpose acquisition company backed by investor Bill Foley.The deal by Foley Trasimene Acquisition Corp would value Alight, a benefits administrator business, at about $7.3 billion including debt, the companies said in a statement Monday.Based in Lincolnshire, Illinois, Alight provides human-resource support services such as payroll, health benefits and employee communications for large companies in 188 countries, according to its website. The company was a division of Aon Plc until Blackstone bought it in 2017 in a transaction valued as much as $4.8 billion. Since then, Alight has acquired several other human-resources and technology companies.In 2019, Blackstone postponed its plans for Alight to raise as much as $800 million in an initial public offering just before final pricing due to market conditions, people familiar with the matter told Bloomberg News then.Foley, 76,