May 9 (Reuters) - Brightsphere Investment Group Inc BSIG.N :
* PRESS RELEASE - BRIGHTSPHERE INVESTMENT GROUP INC. ANNOUNCES AGREEMENT TO SELL AFFILIATE, THOMPSON, SIEGEL AND WALMSLEY LLC
* BRIGHTSPHERE INVESTMENT- CO TO RECEIVE $254 MILLION IN CASH FOR ITS 75.1% OWNERSHIP INTEREST IN TSW AND ITS SEED CAPITAL INVESTMENTS IN TSW'S STRATEGIES
* BRIGHTSPHERE INVESTMENT - CO, MANAGEMENT TEAM OF THOMPSON, SIEGEL AND WALMSLEY ENTERED AGREEMENT TO SELL 100% OF EQUITY INTERESTS IN TSW TO PENDAL
* TOTAL EXPECTED AFTER-TAX PROCEEDS TO BRIGHTSPHERE OF APPROXIMATELY $196 MILLION
* BRIGHTSPHERE INVESTMENT- PENDAL WILL ADDITIONALLY BUY 24.9% OWNERSHIP INTEREST IN TSW HELD BY TSW MANAGEMENT TEAM
* BRIGHTSPHERE INVESTMENT GROUP - TRANSACTION IS ANTICIPATED TO CLOSE IN Q3 OF 2021
* PENDAL HAS AGREED TO ACQUIRE BRIGHTSPHERE'S SEED CAPITAL IN TSW STRATEGIES
* MORGAN STANLEY & CO. LLC ACTED AS FINANCIAL ADVISOR TO BRIGHTSPHERE