Fortress Investment Group: Leading pioneer in the investment sector. Fortress Investment Group LLC is a renowned international investment manager. As of the end of 2017, the total number of assets that were managed by the corporation was evaluated financially to be in the proximity of 43.6 million U.S. dollars. Its client base includes private investors as well as corporations or institutions. The assets handled include private equity, real estate management and capital investments. The corporation has a total of 953 employed personnel. The company is headquartered in New York City with various branches all over the world. The company was launched in the year 1998, and its sole purpose was handling private equity investments. Its governing body includes Peter L. Briger, Jr who is the Co-CEO and Principal and is based in San Francisco. Wesley R. Edens who is a founding member and a Co-CEO, he I based in New York. The last principle is Randal A. Nardone who is the Co-Founder and is also based in New York.
The company specialises entirely in investments of assets of all types. The expertise of the company’s assets includes: pricing of the assets, owning as well as financing and managing the assets. The said assets are both physical as well as financial assets. It has an expert team with specific specialisations towards their goal and a healthy relationship with globally known institutions and individuals. The company has a vast experience in acquiring a lower cost of investments with a small risk.SoftBank Group Corporation headquartered in Japan completed the acquisition of Fortress Investment Group LLC. The agreed buy out was a 3.3 billion U.S dollars which were paid for in cash. This meant that SoftBank had full ownership of all shares of the company. The announcement was made after every legal matter were completed and had full approval of the deal by the company’s shareholders. This also includes receipts of all adoptions. This merger was finalised in 2017 in December.
The outcome of this transaction implied that every Class A share of Fortress Investment Group was changed to a receivership of 8.08 US dollars. The merger of the two companies also outlined the process by which payments were to be made. The Proxy of the company entirely indicated this.The merger of Fortress Investment Group and SoftBank Group Corporation meant that the acquisition company would stop being publicly traded and hence would be delisted from the New York Stock Exchange. This also implies that the financial statements of Fortress were now reflected the financial statements of SoftBank.The merger also implies that Fortress Investment Group will run its operations as a privatised business for SoftBank with its headquarters still in New York. The governing board would still be running the company as they are an intricate part of the company’s success.Fortress Investment played a significant role in the construction of the CAD athlete’s village in Vancouver over the 2010 Winter Olympics. The company was the principal investor in the project in British Colombia. It also had an acquisition for Intrawest in the year 2006.