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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