One of the best performing investment management companies that is based in New York City is the Fortress Investment Group – this investment group was first founded in 1998 by three key people: Wes Edens, Rob Kauffman and Randal Nardone. They are located in 1345 Avenue of the Americas New York City and they are an investment management firm that is focused on credit liquid markets, private equity, and traditional asset management.
Recently, the Soft Bank Group Corporation has completed and accomplished their ongoing merger for the acquisition of the Fortress Investment Group LLC for a total of 3.3 billion dollars in cold cash. Right after the closing of the transaction, the Soft Bank Group and all its owned assets now owns all outstanding shares of the Fortress Investment Group. The completion of this merger is predeceased by a completion and satisfaction of the set conditions that were coming to the end of the transaction – and it was duly signed by the Fortress Group by July of 2017.
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Right after the acquisition was closed, each of the shares of Class A funds of Fortress are going to be converted into the rights of Soft Bank Group for 8.08 dollars per share in cold cash. The Fortress Investment Group, even if they were newly acquired by the merger of Soft Bank Group, the Fortress Company will still operate as an independent business that is still headquartered and based in New York. The key people of Fortress Group are still going to continue to be the leaders of the company and the Soft Bank Group will still be committed and loyal to maintaining the existing business model of Fortress – and they will respect the brand, the employee, the workforce, the work environment, and the culture that has been instilled in the Fortress Group because these were the elements that have lead them to success.
The acquisition of Soft Bank Group on the Fortress group will be a sure success – the combination and corroboration of these two giant companies are sure to work together like a well-oiled machine and will propel towards success and excellence in their industries.
Search more about Fortress Investment Group: http://careers.fortress.com/