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BrightSphere repurchases shares held by HNA Capital

Feb 28, 2019 - SNL European Financials Daily
Mergers and Acquisitions

BrightSphere Investment Group PLC on Feb. 25 repurchased 3,886,625 shares held by HNA Capital at $13.95 apiece.

Including the repurchase of 4.1 million shares held by HNA Capital on Feb. 21, BrightSphere has repurchased 14,518,494 shares. Total outstanding shares as of Feb. 25 stood at 92,023,923 shares.

BrightSphere funded the repurchases with its cash on hand and available capacity under its $350 million revolving credit facility.

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