Deals
Scaramucci’s SkyBridge to Be Sold to HNA, RON Transatlantic
- HNA Group has been on acquisition spree for U.S. assets
- Deal values SkyBridge at about $200 million to $230 million
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SkyBridge Capital, the investment firm founded by incoming White House adviser Anthony Scaramucci, agreed to sell a majority stake of itself to Chinese billionaire Chen Feng’s HNA Group Co. and RON Transatlantic EG.
While financial terms weren’t disclosed, the deal includes the SkyBridge Alternatives Conference, or SALT, which is valued at about $200 million, and could increase to about $230 million if certain conditions are met, according to people familiar with the matter. SkyBridge’s senior management and investment teams will remain intact while Scaramucci will step down.