Fortress Investment Group: Acquired by Softbank

Fortress Investment Group began as a private equity firm in 1998, and it became popular in 2007 by being the first private company to go public in the New York Stock Exchange. The company is New York-based and has three significant principals, who were the founders of the firm; Peter Briger, Randal Nordone, and Wes Edens. Read more on fortress.com

Fortress Investment Group has gained expertise over time in some fields such as investment that is asset-based, which has been facilitated by its credit funds as well as its private equity. The company has therein become a master of both sectors and has gained control of not only the financial assets but also the physical assets.

Fortress Investment Group has also become an expert in mergers as well as acquisitions during the almost two decades of existence. The employees of the company have over the years networked enough with other companies as well as their stakeholders, and this has also contributed to Fortress Investment Group’s expertise in the capital markets because the employees are always hands on regarding the market trends.

As a result, Fortress Investment Group has become not only the best employer in the United States but has also gained over a thousand private equity investors. Over the years, the company has also been an expert in operations management, where it has come up with ways to which to gain value from the complex investments it makes.

In this case, the company has been successful in its evaluation of strategies, structures as well as the operations when managing most, if not all, of its portfolios and those of other companies. Managing portfolios for other countries has given the company a lot of information regarding the various industries where he has worked.

In 2017, Fortress Investment Group agreed to a merger agreement with the Japanese company, Soft Bank Group Corporation. Soft Bank Group acquired Fortress for about $3.3 billion. However, the three principals agreed to hold their leading positions in Fortress, as well as the company’s senior investors. The merger highlighted that Fortress would now operate as an independent business but within the Soft Bank Group. Moreover, the company would continue t be based in New York.  Visit https://en.wikipedia.org/wiki/Fortress_Investment_Group