WPF - Mega-investor William Foley seeks $1.65B for two new SPACs after first ones cut big M&A deals

Mega-investor William Foley II launched IPOs Wednesday on two new special purpose acquisition companies, aiming to raise as much as $1.65 billion following successful M&A deals for his first two SPACs. A business affiliated with Foley filed S-1 statements with the U.S. Securities and Exchange Commission Wednesday to raise as much as $575M for Austerlitz Acquisition Corp. I and $1.15B for Austerlitz Acquisition Corp. II. Both SPACs plan to seek acquisitions that leverage the dealmaking abilities of Foley, whose prior work includes investments in Black Knight (BKI), Ceridian (CDAY), Dun & Bradstreet (DNB), Fidelity National Financial (FNF) and Fidelity National Information Services, Inc. (FIS). Foley founded FNF and currently serves as its chairman, and also co-owns the Vegas Golden Knights NHL team. The SPAC sponsors wrote in both S-1 filings that “we intend to initially focus our search on identifying a prospective target business in financial technology or information and

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Mega-investor William Foley seeks $1.65B for two new SPACs after first ones cut big M&A deals