Daily Archives: May 12, 2019

An inside look at the acquisition deal between Fortress Investment Group and Softbank

The past year has been one full of changes for New York-based alternative investment giant, Fortress Investment group. The company which is led by three principals, has been undergoing significant transitions following the closing of the $3.3 billion acquisition deal between it and Softbank in 2017. Even though Fortress will remain independent, being under Softbank is quite a big deal, and most of its activities in 2018 revolved around the integration of the firm into Softbank’s growth strategies.

Based on the comments of the leaders, both Fortress and Softbank seem to have been satisfied with the terms of the merger. Commenting on the matter, Softbank founder and chief executive officer, Masayoshi Son said that his company is excited to have a market leader like Fortress on board. Masayoshi also went ahead to add that he looks forward to benefitting from the expertise of its three principals who for the past two decades have displayed top shelf expertise by molding the company into a world-class investment firm. Besides having a respected asset management firm as part of its holdings, Softbank will also get to tap into Fortress’s top-notch management capabilities. Through the merger, Fortress Investment group now becomes the first hedge fund to go public and go private on the NYSE.

Even though they remain two separate entities despite the acquisition deal, both Fortress Investment Group and Softbank share a similar goal. They both plan on working together to strengthen their strategies and as a result, take over the private equity industry which is currently dominated by companies like Carlyle and the Blackstone Group. Both companies also benefit each other big time as Softbank inches closer to its goal of creating the most significant tech ecosystem while Fortress gets to tap into Softbank’s vast network of partners while at the same time operating in the private equity realm.

About Fortress Investment Group

Fortress Investment Group is a well-established alternative asset management firm which commenced its operations in 1998. Within its two decades in existence, Fortress has grown into a market leader, and oversees global assets worth over $40 billion and has over 1700 investors spread out across the world as its clients.

Read More: www.inc.com/profile/fortress-investment-group

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Article Title: The RealReal Shows That It knows What It is Doing

Article Text:

There are many businesses that start up in many industries. Among the businesses that are taking off in the fashion industry is The RealReal. Fashion is one of the industries that are undergoing tons of changes because of many factors. One of the factors is that people are looking more at the different methods that clothing and accessories are being brought to consumers. People are paying less attention to the trends and the products and more attention to the business practices and social responsibility of the company. If people see that a business is not in line with their values, then they are not going to buy any products from it.

The RealReal shows that it is in line with the values of their customers. They also have come up with a business plan has caught the attention of Prime Unicorn Index. They have offered up $70 million in shares. If they manage to sell all of their shares, then they will achieve a valuation of $1.06 billion which will land them in the unicorn group. With their business model and their diligence, they are very likely to do a lot of big things online as well as in certain communities and markets that they have a physical presence in.

The RealReal aims to make sure that all of the items they sell are authentic. Anything that they are given is examined very closely and thoroughly in order to see for any type of inconsistencies. They want to make sure that the material they get is actually the material it is said to be. Customers can rest assured that everything that they get from this particular e-tailer is authentic. Customers that do not want any imitations are going to be satisfied with what they have available in the online shop.

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