Fortress Investment Group is an investment holding company headquartered in New York City. It provides investment strategies and manages assets in behalf of other companies that cover a wide array of portfolio including private equity, credit and real estate, and investment in permanent capital. The Fortress Investment Group offers and provides services for private investors and institutional organizations internationally.As a diverse investment company, Fortress likewise has services in the forms operations management and industry knowledge, corporate acquisitions and mergers, capital markets, and asset-based businesses. The company has a profound familiarity with different kinds of asset management that comprise of overseeing numerous physical and financial assets that provides longstanding profits, pricing, financing, and owning.Fortress Investment Group has made an outstanding performance in the industry which caught the attention of Masayoshi Son. Masayoshi Son is the current Chief Executive officer of SoftBank Group Corporation. SoftBank is mainly involved in digital television products, telecommunications, internet, mobile telephones and fixed line.
Many anticipated that SoftBank’s foray into United States market upon President Trump’s assumption of the presidency would be to invest in companies such as or the likes of the Alibaba Group. However, SoftBank agreed on the 14th of February 2017 to acquire Fortress Investment Group for $3.3 billion. When Fortress wen public after the company has been founded, the original founders and principals made a lucrative profit, and this happened once again upon SoftBank Group Corporation’s procurement.In 2007 Fortress led other U.S. firms in going public. At that time, some of the company’s stakeholders are the Ohio State Teachers Retirement System, Wellington Management Company, Fidelity Investments, and Allianz Asset Management among many others. In contrast to other private equity firms and hedge fund companies, Fortress brings its numbers to the public and they highlighted the alternative-investment venture for the past ten years doubling their assets on the way compared to 2005.SoftBank Group Corporation has sealed the deal on the acquisition of Fortress at the day’s end of December 27, 2017.
After the procurement has been concluded, SoftBank Group Corporation (SBG) together with its other fully-owned holding companies will have ownership of all the remaining shares of Fortress. The closing of the deal likewise follows that every stipulation under the agreement for acquisition has been fulfilled including the acknowledgement of all required regulatory approvals and the approval of Fortress stakeholders.The common stock of Fortress has also stopped being traded on the New York Stock Exchange following the finalization of its procurement, and it will be removed from the registered list of the NYSEC. Along with this, the financial statements of Fortress will be integrated within the financial statements of SoftBank, and the latter will make any necessary announcement of the effect of the financial statements consolidation should it be required. Fortress will be managed independently by its founders and principals namely Randal Nardone, Wesley Edens, and Peter Briger. This is under the agreement made with the regulatory agencies in the United States. And they will maintain their head office along with their day-to-day operations in New York City.