Ropes & Gray Represents BrightSphere Investment Group in its Sale of Campbell Global, LLC
Ropes & Gray represented BrightSphere Investment Group in its agreement to sell its 75% ownership interest in Campbell Global, LLC to J.P. Morgan Management, a division of JPMorgan Chase & Co. The deal was announced on June 21. The press release is here.
In addition to acquiring BrightSphere’s equity interest in Campbell, J.P. Morgan has also agreed to acquire BrightSphere’s co-investments in Campbell Funds. The transaction is subject to customary closing conditions and is anticipated to close in the third quarter of 2021.
BrightSphere is a diversified, global asset management company that manages assets of approximately $111 billion as of March 31, 2021.
The Ropes & Gray team that represented BrightSphere was led by private equity partner Matthew Richards (Chicago), and included private equity associate Marjorie Mygrants (Chicago), private equity counsel Anthony Bernard (Boston), asset management counsel Nathan Somogie (Boston), tax partner Amanda Holt (Boston), tax associate Brandon Dunn (Boston), and benefits partner Joshua Lichtenstein (New York).