Offshore institutional investor signed a binding agreement to acquire 50% interest in Aura Australia Management from Blue Sky Alternative Investments Limited (ASX:BLA) on August 24, 2018. Blue Sky’s 50% ownership in Aura is expected to be sold at a profit with the net cash inflow to Blue Sky following completion expected to be approximately AUD 2.5 million, dependent on completion price adjustments. Final sale proceeds to Blue Sky will depend on completion price adjustments. Tim Russell and Mark Taylor, founders of Aura, will continue to operate the business. The transaction is subject to Foreign Investment Review Board approval and third-party consents. The transaction is expected to be completed by the end of September 2018.