After getting approval from Fortress shareholders as well as other regulatory requirements were approved, SoftBank Group Corp (SBG) has now acquired Fortress for $3.3 billion. These means that SBG is the sole owner of Fortress shares. Fortress shareholders received $8.08 for each share. The proceeds from the merger were distributed as agreed in the payment procedures laid out during the last AGM. In this regard, Fortress financial results combined and shown on SBG’s financial reports.Despite the acquisition, Fortress Investment Group will operate as an independent venture within SoftBank retaining its headquarters in the city of New York. Moreover, Fortress Principals Randy Nardone, Pete Briger, and Wes Edens will retain their leadership roles. SoftBank anticipates and is dedicated to continuing with this leadership in place as well as their culture, business model, brand, personnel, and processes which SBG identified as the key to Fortress’s continued success.Fortress is among the best, extremely diversified international investment companies around the world which by 2017 managed assets valued at $36.1 billion. They are managers of assets belonging to more than 1,750 clients. Their strategies include investments in private equity, credit, real estate and permanent capital.
Fortress core competencies are :
Corporate Acquisitions and Mergers
Fortress Investment Group understanding in companies acquisitions and mergers enables them to work with firms various stakeholders, managements, and boards of directors to determine execution of an investment and optimal structuring.
Using a well-experienced team of experts and sector-specific, Fortress Investment Group has an in-depth understanding of the sectors in which it invests. These experts have developed relationships with major companies, organizations, and personalities worldwide.
Using self-developed mechanisms in evaluating strategic and structural operations as well as the challenges that come with them, Fortress has been able to benefit and engage in situations involving investments.
Between its private equity funds and credit funds, most of the Fortress businesses have a specialty in asset-based investing. This has made the company gain relevant experience by investing widely and deeply in diversified types of assets. Their expertise is well engaged in prices, ownership, finances, and management of both financial and physical assets such as real estate, capital assets, and financial assets acquired by long-term cash flows.
The Fortress Investment Group has extensive capital markets proficiency, where its experts know how and when to get low-risk, low-cost financing for its investments by obtaining the equity capital and debt markets.