The Fortress Investment Group Was Acquired By Softbank

In this article, we are going to discuss the Fortress Investment Group, which is an alternative asset management company. In fact, it’s one of the largest ones in the world. The company has made news after it was acquired. Below is more info about the acquisition, as well as about the company itself.

 

In The News: Softbank Acquires Fortress Investment Group

In February 2017, Softbank Group announced it was going to purchase Fortress Investment Group. The acquisition was worth just over $3.3 billion, but the acquisition wasn’t completed until December of 2017. In the deal, Softbank paid around $8.05 per share for the company. The principals of Fortress agreed that they would stay with the company so they could continue to lead it.

Furthermore, for the most part Fortress acts as a separate company from Softbank. This means Fortress is still able to operate as its own entity/business, and lacrosse camp Fortress Investment Group.

 

About Fortress

Fortress Investment Group is an alternative investment management firm and they operate on a global scale. As of now, the firm managers around $40.3 billion of assets. The company was founded back in 1998, and since then it has grown to an organization that serves over 1,700 private investors and institutional clients. Around 950 asset management workers are employed by Fortress, as well as around 200 investment professionals. The employees are spread across the company’s New York headquarters and their affiliate offices located around the world, and https://www.nasdaq.com/quotes/institutional-portfolio/fortress-investment-group-llc-725821.

 

Core Competencies

The company’s core competencies include being asset-based investing, as well as industry knowledge. The company has extensive knowledge of the industries they invest in. Another competency is operations management. The other two competencies include capital markets and corporate mergers & acquisitions. Fortress takes its core competencies seriously, which clients will realize the moment they start doing business with them.

 

What Do Their Employees Say

You can learn a lot about a company by what their employees say about their employers. Many current and past employees have praised Fortress. One former employee wrote that they worked their for a short time, but they enjoyed it. A current employee mentioned that it was a fast paced company that offers a lot training to their workers, while another employee said the company has a rewarding environment, and contact them.

If anyone wants to do business with Fortress Investment Group, then they can contact the company. They can also visit the alternative investment firm’s website to find out more about their products and services, and more information click here.

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