The Fortress Investment Group Buyout and Investment Strategies

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.

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