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Andrew Harnik / AP

Anthony Scaramucci received a lucrative deal on the way out of Wall Street and into the Trump White House.

Scaramucci recently disclosed an agreement to sell off his 45% stake in SkyBridge Capital, a hedge fund-of-funds he founded in 2005, in order to join the Trump Administration as a director in the Office of Public Liaison. The announcement didn't contain a price, but Bloomberg today reports the deal is worth around $180 million:

The transaction values SkyBridge at 7.2 times normalized Ebitda, or earnings before interest, taxes, depreciation and amortization, Scaramucci said. "That's a rich valuation for a fund-of-funds transaction," said Karl D'Cunha, managing director at CBIZ Valuation Group in Chicago, who said buyers typically pay three to five times earnings.

The deal also includes a performance-based earn-out that could bring it closer to $230 million, although a source close to Scaramucci tells Axios that he isn't eligible to pocket any of that upside. The source adds that Scaramucci received two bids higher than the one he picked ― led by Chinese conglomerate HNA Group ― but that neither of those prospective buyers would promise not to lay off current SkyBridge staffers.

As for the actual price, it's complicated. On the one hand, everyone knew Scaramucci had to sell. That should have depressed the price. On the other, Scaramucci's omnipresence on TV and his annual Skybridge conference gave the brand more cachet than that of a typical hedge fund-of-funds.

Go deeper

In photos: D.C. and U.S. states on alert for pre-inauguration violence

National Guard troops stand behind security fencing with the dome of the U.S. Capitol Building behind them, on Jan. 16. Photo: Kent Nishimura / Los Angeles Times via Getty Images

Security has been stepped up in Washington, D.C., and state capitols across the U.S. as authorities brace for potential violence this weekend.

Driving the news: Following the Jan. 6 insurrection at the U.S. Capitol by some supporters of President Trump, the FBI has said there could be armed protests in D.C. and in all 50 state capitols in the run-up to President-elect Joe Biden's inauguration Wednesday.

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Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.