It was announced at the end of 2017 that the proposed acquisition of Fortress Investment Group by SoftBank Group was complete. The transaction between the two companies was completed in cash for $3.3 billion. After the purchase was completed, every share of the investment firm belonged to SoftBank Group. The transaction that took place in December was approved by the shareholders of Fortress Investment Group along with meeting all of the applicable regulations. The price per share that was agreed upon was $8.08 and the stock of the company is no longer trading on the New York Stock Exchange. These terms were agreed to on July 12 of that year. As of December 27, 2017, the investment firm was considered consolidated by SoftBank Group. More Businesses at Fortress on fortress.com
SoftBank Group is headquartered in Tokyo, but the headquarters of Fortress Investment Group will remain in New York. The principals of the company, Peter Briger, Randy Nardone, and Wes Edens, are staying with it in the same leadership roles. Also, the culture, processes, personnel, business model, and brand will stay the same at the firm. One of the factors that led to the purchase of Fortress Investment Group by SoftBank was the strong track record that the company has shown since they were founded more than two decades ago in 2008. The global investment firm has a diverse portfolio and manages several billion dollars for its investors. The investment strategies that the firm uses include real estate, credit, private equity, permanent capital, and other investment vehicles.
The year following the acquisition of Fortress Investment Group proved to be a big one for the company that was working to adapt to integrating with SoftBank. They have been investing in large projects such as high-profile real estate deals in the middle of New York City. By not trading on the New York Stock Exchange, Fortress Investment Group has been able to make business decisions based on the long-term success of the company rather than the immediate satisfaction of shareholders that were looking for quick returns. It’s a business decision that other companies may end up following similarly as when they first went public.