Fortress Investment Group Embarks on a New Path by Joining Forces with SoftBank
Fortress Investment Group was founded in 1998 as a private equity firm and it has grown rapidly to become a world player in the investment industry. Currently, it manages over $43 billion worth of assets on behalf of more than 1500 investors across the world.
The firm specializes on asset-based investing, operations management, capital markets, sector-specific knowledge of firms and M&As. The company prides itself of an extensive experience in both physical and financial asset management including financing, owning and pricing.
The strong expertise in mergers and acquisitions have enabled them to be a leader in the area. In addition, they have been able to secure funding from debt as well as equity markets in regards to capital markets. The firm has successfully applied cutting edge technology and various growth and development strategies to see them maintain a rising growth trajectory.
Recently, Fortress Investment Group was acquired by SoftBank in a deal worth $3.3 billion. The move is going to change the development direction SoftBank will take. The company is a big player in the world economy and it had developed interest in tech companies, an interest that saw them acquire more than 500 tech companies. In this deal, SoftBank is pursuing its goal of becoming the world’s largest investment firm.
Fortress Investment Group has welcomed the move since it has been open to change. It adapts easily to market changes and therefore, this deal could be a growth opportunity. It is evident that the deal will benefit the two parties.
SoftBank had plans in place to acquire a leading investment firm. It had already strategized on how they are going to handle investment activities. Despite the fact that the firm has been acquired fully, it will continue with its normal operations. SoftBank decided to allow Fortress to continue managing its many assets in an effort to avoid regulatory hurdles. In this deal, SoftBank seeks to branch out.
Fortress Investment Group welcomed the idea of the M&A and Wes Edens, co-principal in Fortress, was excited about the new opportunity of not being traded publicly. Wes Edens said that the move was well deserving and is going to benefit both parties. He believes that SoftBank has built a good reputation and it has performed very well under the leadership of Masayoshi Son.