Fortress Investment Group Acquired by Softbank
There are a number of businesses that are looking to expand and increase their value. One of the most common ways to do this is to get involved in a merger and acquisition. Many companies look to complete mergers in order to further their overall expansion to other markets in the world. In most cases, mergers and acquisitions make sense to many people who are involved. One of the most recent acquisitions in the business world has been the one where Softbank bought Fortress Investment Group. The company bought this investment firm for a sum of over $3 billion. With this acquisition, Softbank will be able to add to its impressive list of holdings. At the same time, Fortress Investment Group will be able to have more capital to help maintain its status as a leading investment management firm.
Both Softbank and Fortress Investment Group have a lot in common. They have the desire to always expand and adapt to changes in their industry. For instance, Softbank was originally a personal computer wholesaler and then grew to a large company that offered a wide range of technology services. It is now looking to get involved in the financial services industry. Fortress Investment Group is a company that specializes in providing asset management to investors. It has looked to further expand its presence as well as increase its client base. With this recent merger deal, both parties will be in better position to achieve their respective goals.
Fortress Investment Group was founded at the end of the 1990’s decade. The firm was started up by the acting CEO Randal Nardone and the Chairman Wesley Edens. Both individuals had a vision to build up a leading alternative asset management firm. Today the firm offers comprehensive management and advisors services to institutional investors. It helps its clients acquire and earn good returns on things such as private equity, hedge funds and real estate. Over the course of the last two decades, the firm has experienced steady growth and looks to continue this trend. With the help of Softbank, the firm will be in position to achieve its future goals.