In one of the most anticipated investment deals of 2017, the New York based private equity firm Fortress Investment Group LLC has been acquired by a highly diversified Japanese conglomerate in a transaction worth $3 billion. According to Bloomberg the Fortress specializes in buyout, turnarounds and recapitalization. Its investments are targeted at insurgent sectors such as real estate, healthcare, energy, transportation and loan servicing and consumer finance. The executive honchos of the Fortress Investment Group are the Co-Founder and Principal, Wesley Edens; Co-Founder, Director and Principal, Randal Nardone and Co-CEO and Principal, Peter Briger. The other ranking executives in the company include Chief Financial Officer, Daniel Bass and Managing Director and Chief Operating Officer of Credit Funds, Marc Furstein. The takeover of the Fortress Investment Group by SoftBank follows the latter’s declaration to expand its investment portfolio in line with its long term commitment to invest its hard earned resources on technologies and businesses that will take the information revolution to the next phase.
To this end, the company has so far committed more than $90 billion. In a report published by leading press release distribution company, Business Wire on December 27, 2017, SoftBank Group Corp (SBG) completed a cash acquisition of Fortress for $3.3 billion. Following the closure, all Fortress Class A shares were converted to $8.08 right to receive shares. The distribution of the merger proceeds will be done in accordance with the Fortress Definitive Proxy outlines and the previously signed Merger Agreement.Fortress Investment Group will hence operate as an independent entity and maintain its head offices in New York, the world’s financial capital. The three principals of Fortress, Wes, Pete and Randy will continue to hold their executive briefs in Fortress. SoftBank’s large portfolio of companies’ spans several sectors, including internet services, IoT, telecommunications, and smart robotics. Founded in 1998, Fortress Investment Group core competencies remain capital markets, operations management, industry knowledge, corporate M&A and Asset based management.
According to Fortress, the firm overseas assets valued at $43 billion under its management. The assets are in the form of credit Hedge Funds, Permanent Capital Vehicles, Private Equity and Credit Private Equity. The company recently added Asset based Income Fund and Intellectual Property Fund as part of its investment mainstay.Fortress uses its vast knowledge of industries to help clients choose the best investment portfolios and its operations management tools and experience to help clients assess operational, strategic and structural challenges. Using its understanding of corporate mergers and acquisition, Fortress has worked alongside many stakeholders, management boards to execute many successful investment strategies and restructuring efforts. The firm also boasts considerable expertise in capital markets. The Fortress capital markets experts are well-versed with crucial elements such as low risk financing and low cost investment strategies as analyzed through equity and debt capital markets assessment. The firm overseas assets on behalf of over 1,700 institutional clients and private investors spread all across the world. Fortress is also committed to maintaining the lead in corporate governance practices and policies.
Wes Edens has been the CEO of various organizations providing high-level leadership that produces extremely lucrative returns on investment. Wes Edens is currently the founder and Chief Investment Officer of Fortress Investment Group LLC where he is the Head of Private Equity and has been Co-Chairman since August 2009. He is also Chief Executive Officer of Fortress Investment Group, and have served in this capacity since the founding of the organization. Over his illustrious career, Wes Edens has provided the leadership and strategic direction for various profitable organizations and has established a reputation for being one of the more brilliant investment minds. Fortress Investment Group is a global investment firm that specializes in illiquid credit Investments, undervalued assets, and distressed assets and has generated profound profits and returns on investment within these alternative asset categories.
Wes Edens was educated at Oregon State University where he received a Bachelor’s Degree in Finance and a Business Administration degree as well. Within the investment industry, Wes Edens has served as Chief Executive Officer for Newcastle Investment Holdings LLC from 2000 until 2007. He also performed the role of Chief Executive Officer at Euro Castle Investments Limited and Global Signal where Wes Edens provided strategic direction that produced a financial windfall for these corporations and established him as a true leader in the investment arena by creating lucrative returns on investment with strategic planning and direction. He was the CEO of Capstead mortgage company and impact commercial Holdings as well. Within those organizations, he developed strategic plans and processes that produced results that catapulted the companies into profitable growth and solid financial positions.
Wes Edens has developed characteristics of a strategic leader that has provided the strength of character to invest in alternative asset groups that has become the blueprint for his successful returns on investment for his various organizations that he has held CEO leadership and stewardship Wes has held various chairman and director positions within very prominent investment firms and other organizations that have provided a level of experience and expertise and investment that has carried him throughout his career. Currently, as Chief Investment Officer at Fortress Investment Group, Wes Edens is providing a high level of intellectual leadership and guidance that is propelling the company into record profits to solidify a foundation for continued lucrative returns into the future.
Sahm is known as the most influential and successful hedge fund manager across the globe. At only 35 years old, Sahm depicts traits and features of a reliable and experienced leader. Currently, he is the Chief Investment Officer as well as the founder of Kerrisdale Capital Management. Since its formation in 2009, the firm has experienced tremendous achievements- thanks to Sham’s incredible leadership skills. With only less than $1 million, he managed to launch the company, which currently manages over $150 million.
Mr. Adrangi started his career, as a marketing intern, at Merrill Lynch’s credit desk in New York City. Through his hard work and dedication, he was able to get sustained at Merrill for three years, where he was trading credit on the bond desk. Through his experience, Sahm parlayed his excellent skills to do credit trading at the hedge fund, Longacre. After that, Sahm got an excellent opportunity to lead the credit team for Paulson and Company where he managed to makes close to $6 billion mortgage bonds.
He has a prosperous financial career in credit. On several occasions, Adrangi has been an advisor to credit committes in bankruptcy. Mr, Sahm also spent many years at a multi-billion hedge fund management. He has been able to achieve all this from his acquired skills as a graduate of Arts in Economics from the prestigious Yale University.
Between 2010 and 2011, he made his name after exposing fraudulent companies in Chinese which include China-Biotic, China Marine Food Group, among many others. His research focuses on firm’s effort to enforce changes- especially biotechnology sector. Some of his best known published research aim at the development stages of companies. They include Sage Therapeutics, Unilife, Bavarian Nordic and Pulse Biosciences.
Apart from publishing research, Sahm has been an ardent activist in various investments. In 2013, he successfully engaged with Lindsay Corporation with the aim of optimizing company’s capital allocation and cash deployment policies. A year after, Sahm Adrangi managed to lead a proxy contest for the replacement of Morgans Hotel Group directors with two of his preferred directors. To know more about us: https://www.kerrisdalecap.com/ click here.
His industrious spirit has seen him climb his career ladder swiftly. He has appeared on numerous interviews and various conferences- as a speaker.
Madison Street Capital is one of the leading international banking firms in the world. The company is built on three pillars that are integrity, service delivery and leadership. The company attributes its success in the world of investment banking to these three components. Madison Street Capital has specialized in offering the following banking services: Financial opinions and valuation services, mergers and acquisition expertise as well as corporate financial advisory services. Its clients come from both the private and public sectors. Madison Street capital’s clients boast of having an edge in their respective global marketplaces. This is because the company views emerging markets as the most critical component driving global business growth today. Its focus on significant assets on the markets is also a contributing factor to their client’s success.
Recently, chicagotribune.com revealed that one of Madison Street Capital co-founders had been recognized by the National Association of Certified Valuators and Analysts (NACVA) as part of their 40 Under Forty recognition program. This is none other but Anthony Marsala, who is also Madison Street Capital’s Chief Operating Officer. For a number of years now, NACVA has dedicated its efforts and resources to shining the light on people who have made extraordinary advances in financial forensics, business valuation, expert witness testimony, litigation consulting and mergers and acquisition, among other related professions. The honorees are selected by a panel of judges comprising of the executive staff of NACVA and the Consultants’ Training Institute (CTI).
The idea behind the 40 Under Forty recognition program was to give voice and opportunity to the next generation of corporate leaders by recognizing their contributions to their profession, communities as well as their future contributions. This year’s honorees were selected from a pool of more than 125 nominees. The profiles of this year’s nominees will be featured in a number of press releases including NACVA’s Association News, The Value Examiner and QuickReadBuzz Blog, among others.
Mr. Marsala attended the Loyola University of Chicago where he graduated with a Bachelor’s Degree in Finance and Information Systems. He also holds a Masters Diploma in Strategy from Said Business School, which is an affiliate of the University of Oxford. Mr. Marsala is also a member of NACVA and the American Society of Appraisers (ASA). He is a renowned expert with over three-decade experience in business valuation, M&A and corporate finance. For over 13 years now, he has been part of many valuations and transactional engagements in a number of companies across different industries. He has, however, focused on small and medium business enterprises. Most of these businesses are in the energy sector, wholesale and distribution, manufacturing, food and agriculture, technology, biotech, medical services, staffing and pharmaceuticals, among others. As Chief Operating Officer of Madison Street Capital, Mr. Marsala is tasked with ensuring a strong company presence in the international world, and more specifically in Europe, Asia and Africa.
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When we talk about investment banking, investment aspect of business comes to mind. Particularly, we are concerned with the capital raising activities that allow us to make that crucial investment. Think for a moment: Suppose you are a business owner and for better operational efficiency you wanted to purchase a piece of equipment that would not only cut your costs due to improved economies of scale but would also improve the quality of your products thereby earning you a healthy profit. Where would you get capital for such investment? That’s where Investment Banking steps in. Investment banking plays a very crucial role in the business environment in that it provides a helping hand to businesses that are in dire need of capital with little or no idea of where to source it from. Various reputable investment banking institutions offer sound financial advice and one of these is Madison Street Capital (MSC).
With headquarters in Chicago Illinois, Madison Street Capital is a middle market investment banking firm with offices in three continents: North America, Africa and Asia. The MSC offers its clients financial advice on matters such as Valuation Services for both private and public businesses, Mergers and Acquisitions, restructuring services and financial opinions. MSC consists of a team of highly experienced professionals with unique knowledge and extensive relationships thereby making it one of the best investment banking firms of its caliber.
MSC also adheres to certain principles that contribute to their success. The first is confidentiality. Respecting clients’ privacy goes a long way in earning their trust. Secondly, learning a client’s business model helps in determining the client’s particular financial needs and offering the relevant advice. Honesty is something that is strictly observed, even at the expense of losing the client. MSC believes in offering honest advice to its clients which might be useful to them even if it does not manage to acquire the business in the long run. This might involve giving the clients advice that they might not want to hear. In a spirit of philanthropy, the MSC also supports organizations such as United Way which identifies and resolves community issues.
The future of investment banking, specifically hedge funds M & A transactions, looks promising as per a report done by the MSC which shows that performance in the sector has improved significantly since 2014. As a matter of fact, AUM’s measurement of 2015’s transaction volume reveals that it is roughly 27% higher than 2014. However, higher liabilities and downward pressure on fees are forcing smaller hedge fund managers to consider strategic alternatives as they struggle in attracting new capital. Still, the deal environment is anticipated to be stronger in 2016.
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