Cannae Holdings, Inc. Announces $250 Million Investment in Foley Trasimene Acquisition Corp. and Alight Solutions Merger

LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE:CNNE) (“Cannae” or the “Company”) today announced that the Company, in conjunction with the announced Foley Trasimene Acquisition Corp. (NYSE: WPF, WPF WS) (“Foley Trasimene”) and Alight Solutions (“Alight”) definitive merger, will invest $250 million as part of a private placement. This investment is in addition to Cannae’s forward purchase agreement of $150 million, both of which will occur concurrently with the closing of the Foley Trasimene and Alight business combination, expected to close in the second quarter of 2021. The transaction reflects an implied pro-forma enterprise value for Alight of approximately $7.3 billion.