Fortress Investment Group: Acquired By Softbank Group

Corporate acquisitions occur every single day across the world. One of the most significant acquisitions made by any corporation in the last year with that of soft drink group Corporation. Softbank group Corporation is a Japanese technology company that is a titan of industry across the planet. The Corporation acquired Fortress Investment Group in 2017 as part of a move that was made in order to increase their foothold in the world of finance. Fortress Investment Group is one of the largest private equity firms in the world and was the first publicly traded corporation in its industry in the United States of America.

Fortress Investment Group has been around since 1998 when it was originally founded. The corporation was first founded by five individuals who all had experience in finance industry. Wes Edens is the Corporation’s current chairman and president and him along with the help of four others including Pete Bridger launched the Corporation in 1998. From the company’s inception in 1998 to 2006 it was able to grow its assets by around 39.7%. This marked an incredible amount of growth that was achieved in a relatively short period of time. In 2007 the Corporation was able to launch itself on the New York Stock Exchange by holding an initial public offering. During this process, Fortress Investment Group became the first publicly traded private equity investment firm in the nation.

Fortress Investment Group currently serves over 1750 investment clients across the world it has holdings in numerous industries. The cornerstone of their company is to help their investment clients create strong returns on their investments while minimizing the risks the clients must take in order to generate. They are currently based out of New York but have offices around the world. Their businesses are asset-based, and this has allowed them to create a world of expertise that has assisted them in the management of their financial assets. By utilizing their extensive industry knowledge, they have helped clients generate significant returns over the past several decades.

The Corporation has been recognized as being one of the world’s leading hedge fund managers. In 2014 institutional investor, an investment magazine awarded Fortress Investment Group with the title of hedge fund manager of the year. This was done in recognition of their significant financial growth. After this talks were made with Japanese technology giant softening group in order to start the process of a corporate acquisition. This corporate acquisition was made in 2017 when Softbank group purchased the corporation and a $2.25 premium from their publicly traded stock value. This created an immediate hundred and $40 million increase in valuation for the Fortress Investment Group Corporation. Without the expert leadership of Wes Edens and Pete Bridger and acquisition such as this would not have been possible. Despite the acquisition Fortress Investment Group has managed to maintain its independence and continues to run independently of the Softbank group. It is still managing its own investments and continues to be a beacon in the world of financial investments.

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