HNA to buy majority of SkyBridge Capital
HNA Group is expanding its portfolio in the global asset management business by acquiring a majority stake in SkyBridge Capital, an alternative investment firm founded by Donald Trump adviser Anthony Scaramucci.
SkyBridge, a leading New York-based global alternative investment firm, announced that it has signed an agreement with HNA Capital (US) Holding and RON Transatlantic EG to sell the majority of its shares.
The deal is expected to close in the second quarter of 2017. The detailed financial transactions were not disclosed.
HNA, the parent of Hainan Airlines Co Ltd, China's largest private airline, has strengthened its global portfolio with a string of overseas acquisitions in aviation, logistics and hospitality businesses.