Serial Dealmaker Foley Seeks $1.5 Billion With Two New SPACs

Serial dealmaker Bill Foley is seeking to raise $1.5 billion for two new blank-check firms, as repeat issuers accelerate the pace of new offerings.

Austerlitz Acquisition Corp. I, founded by Foley, filed Wednesday to raise $500 million in a planned initial public offering. The special purpose acquisition company will initially focus on targets in the financial technology, information services and business services sectors, according to registration documents lodged with the U.S. Securities and Exchange Commission.

Bill Foley

Photographer: Ethan Miller/Getty Images

Another SPAC backed by Foley, called Austerlitz Acquisition Corp. II, revealed plans for a $1 billion offering in a separate filing Wednesday. It will ...