You are here: Home » Reuters » News
Business Standard

Exclusive: Blackstone plans IPO of U.S. benefits manager Alight - sources


By David French and Joshua Franklin(Reuters) - Private equity firm Blackstone Group LP is readying an initial public offering (IPO) of Alight Solutions LLC, a U.S. provider of healthcare and retirement benefits services that could be valued at more than $7 billion, including debt, according to people familiar with the matter.The IPO could some in the first half of 2019, the four sources said, almost two years after Blackstone acquired Alight from insurance broker Aon Plc , in a deal that valued it up to $4.8 billion. It would allow Blackstone to turn a profit by gradually selling its Alight ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, December 06 2018. 03:46 IST