Paulson & Co. to purchase stake in BrightSphere held by HNA Capital U.S.

Paulson & Co., Inc. has agreed to buy a substantial majority of the ordinary shares o fBrightSphere Investment Group plc (NYSE: BSIG), a global, diversified multi-boutique asset management company held by HNA Capital (U.S.) Holding LLC. Following completion of the transaction, Paulson & Co. is expected to own approximately 24.95% of the ordinary shares of BrightSphere. In connection with the transaction, John Paulson, President of Paulson & Co., and Guang Yang, Managing Member of H Plus Capital, have joined the BrightSphere Board of Directors, replacing Enrico Marini Fichera and Daniel Chen, effective November 16, 2018.