Davis Polk advised the representatives of the several underwriters, in connection with the initial public offering of 130,000,000 units of Foley Trasimene Acquisition Corp. II for aggregate proceeds of $1.3 billion. Each unit consists of one share of Class A common stock and one-third of one warrant to purchase one share of Class A common stock of Foley Trasimene Acquisition Corp. II. The units were listed on the New York Stock Exchange under the symbol “BFT.U.”

Foley Trasimene Acquisition Corp. II is a newly incorporated blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Although Foley Trasimene Acquisition Corp. II is not limited to a particular industry or geographic region for purposes of consummating a business combination, it intends to focus on identifying a prospective target business in financial technology or business process outsourcing, which acts as an essential utility to industries that are core to the economy.

The Davis Polk corporate team included partners Derek Dostal and Deanna L. Kirkpatrick and associates Eryn E. Gordon and Jakub P. Jozwiak. Partner William A. Curran provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

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