Core Competencies, Services of Fortress Investment Group and Acquisition Deal By SoftBank

Fortress Investment Group is a global investment firm which manages over $43.6 billion assets for clients. It has more than 1,750 clients under its management as well as many private investors from around the globe. It has headquarters in New York as well as other offices in North America, Australia, China, and Japan as well as in Europe.

Competencies

The company carries its business operations investment. It offers diverse asset-based investment options. The firm specializes in asset investing. Additionally, Fortress has experience not only in asset investing but also offers to finance, price as well ownership of the financial assets. It also oversees the management of assets such as real estate, capital as well financial assets. Fortress is knowledgeable about the industries it intends to invest in. Through many years of experience in handling investments as well dealing with portfolio firms, the company has developed top investment analysts. The experienced employees have expertise in specific sectors and have developed helpful business relationships across the globe with institutions, top companies as well other individuals. Fortress uses operations management competence to assess structural or strategic challenges when handling transactions. The tools of assessment allow the company to gauge the value of sophisticated investments. The firm has extensive experience in mergers as well as acquisitions which enable the company to work seamlessly with top managers, directors amongst other stakeholders in coming up with best restructuring strategy. Fortress also has expertise in capital markets which allows the firm secure low risk as well as low-cost finance when investing. It can access equity as well as debt capital markets.

The Details of Acquisition by SoftBank

On 27th December in 2017, SoftBank Group announced the completion of the acquisition deal of Fortress Investment Group. The deal was about $3.3 billion in cash. After the closure of the deal, SoftBank Group now owns outstanding shares of Fortress. The completion came into effect after the fulfillment of necessary conditions such a Fortress shareholders approval of the deal as well as receipt of approvals from governing institutions. After the closure of the deal on 27th, Fortress stock will no longer trade on New York Stock Exchange. SoftBank will also consolidate Fortress financial statements in its reports. SoftBank is a global technology company which aspires to propel information revolution. SoftBank Group Corporation is the holding company. SoftBank Group has numerous subsidiaries in telecommunication, AI, IoT, clean energy as well as internet services provision.

Services of Fortress

Fortress Investment Group is a diversified fund manager. The firm focuses on investing in undervalued assets as well illiquid or distressed credit investments. The company has experienced staff that has ability and expertise to outsource corporate as well asset loans to a variety of industries. The firm also invests in opportunistic lending and equity recapitalizations among others. The firm also provides structured finance especially by investing in residential securities or loans.

Top Management

Peter Briger is a principal as a well a co-CEO of Fortress Investment Group. He is based in San Francisco and heads the credit business at the firm. Wesley Edens is a co-CEO as well as co-founder of the investment firm. Edens handles firm’s private equity as well as alternative investments. Randal Nardone is the other cofounder and co-principal.