BrightSphere Investment Group Inc. Completes Sale of Affiliates Thompson, Siegel & Walmsley, LLC and Investment Counselors of Maryland, LLC

Jul 22, 2021

BrightSphere Investment Group Inc. (NYSE: BSIG) today announced that it has completed the sale of its 75.1% ownership interest in Thompson, Siegel & Walmsley, LLC (“TSW”) to Pendal Group Limited (“Pendal”). Total gross proceeds to BSIG from the transaction were approximately $240 million. In addition to proceeds from the transaction, BrightSphere will redeem its seed capital investments in TSW funds on or prior to October 31, 2021, resulting in estimated additional gross proceeds of approximately $14 million¹. Total after tax net proceeds to BrightSphere from the sale of TSW and seed capital redemptions are expected to be approximately $196 million.

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