Deals
Blackstone Veteran Chu, FNF's Foley Seek $1.1 Billion
- Dealmakers target at least $600 million in SPAC IPO funding
- CF Corp. follows blank-check stock offerings by Ross, TPG
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Former top Blackstone Group LP dealmaker Chinh Chu and insurance executive William Foley are teaming up on a new $1.1 billion buyout venture that will purchase one or more yet-to-be identified companies in the financial, technology or services sectors.
The executives are staking the new company with $69 million of their own money, according to the filing.