Why Fortress Investment Group Is Still a Force to Reckon with Despite Its Latest Acquisition by Softbank Group Corp
Fortress Investment Group recently grabbed the headlines after capping off a two-decade financial investment reign in style after a lucrative acquisition agreement by SoftBank. Previously unknown to most people, SoftBank Group Corp aims at strengthening its investment prowess worldwide despite the newly acquired company still operating independently. At a whopping $3.3 billion, the acquisition undoubtedly speaks volumes about SoftBank’s relentless pursuit to unrivaled expertise and perfection. Prior to winding the agreement, SoftBank pulled all the stops to ensure that all pre-existing conditions had been met pending the imminent approval by Fortress Investment Group’s shareholders.
From the lucrative acquisition, SoftBank had exhibited exceptional business acumen by offering $8.08 per share with the final proceeds slated for distribution as outlined by the company’s Definitive representative with the Merger Agreement outlined to the letter. Fortress Investment Group’s financial records will be reflected on SoftBank’s financial statements after the sale goes through on December 27.
How Operations Will Move Forward
According to the detailed merger agreement, the financial investment company is expected to operate as an independent entity based in New York with its Founding Principals Randy Nardone, Wes Edens, and Pete Briger tasked with steering the company to greater heights. As a testament to its professionalism, SoftBank remains committed to maintaining a hands-off approach by letting the company thrive through its unique business model and insightful leadership.
Fortress Investment Group’s Profile
Fortress Investment Group is widely considered to be a leading financial asset investment enterprise with far-reaching connections in various sectors such as real estate and private equity. With an impressive $70 billion in management and over 1,600 institutional investors from New York to Hong Kong, the company has proven to be a formidable force to reckon with in this sector.
Established in 1998, the company has experienced ups and downs just like any other enterprise but successfully clawed its way back to dominate the industry. The leading financial service provider credits unrivaled investment performance as an essential cornerstone to its thriving business structure and delivering exceptional results to its diverse clientele. By December 31, 2017, the company boasted of a seasoned team of 216 investment experts and 953 asset management employees with a flair for finding excellent investment opportunities. SoftBank Group Completes Acquisition of Fortress Investment Group