Fortress investment group is a leading company based in New York City that deals with asset management. Since its formation in 1998, the company manages a wide variety of assets worth $54.6 billion on behalf of about 1,750 clients, including institutions and private investors. The company focuses on providing risk adjusted returns to its investors an action that tends to align the managers interests with those of the investors. Some of the sectors fortress makes its private equity investments include, financial services, transportation, energy, infrastructure and healthcare among others. Acquisition of Fortress Investment Group (FIG) by soft bank group (SBG). Soft group bank is a global corporation that deals with technology aiming at driving information revolution. Last year the group (SBG) completed the acquisition of FIG for ($3.3 billion).
According to the terms and conditions of the merger agreement, every class A shareholder is entitled to receive $8.08 per share . Also the class A fortress shareholders may receive to a maximum of two regular quarterly dividends amounting $0.09 and below per share.The fortress core principals; Pete Briger, Wes Edens and Randy Nardone have come into an agreement to continue leading fortress. They have also committed themselves in investing 50% of their after-tax proceeds from the transaction in managed finances and motor vehicles. The senior professionals of fortress will continue with their duties and are meant to retain their participation interests in finance performance. Therefore fortress continues to operate as an independent business with its headquarters still at the New York City. However, soft bank group is committed to controlling the leadership team of fortress, its business model, all processes as well as its culture.The Core competencies of fortress investment group.
The company has detailed information about the various industries it plans to invest in. It has developed a qualified team of investment experts who are responsible for determining the feasibility of investments before executing them.
Fortress has identified some set of tools that are useful in assessing operational, structural and strategic challenges. Therefore, the tools makes management of operations in the company a success since the exact or true value of various investments can be determined.
Asset based operations
Through its equity finances and credit funds, fortress specializes in asset based investments. These assets ranges from real estates and capital assets to financial assets secured through diversification of long term cash flows.
Corporate mergers and acquisitions
The experience in corporate mergers and acquisions enables fortress to work with other organizations in evaluating and determining the optimal structure of investment before indulging in it.
The company has a recommendable capital market expertise and aims at securing low costs and increasing returns of its investments by accessing equity and debt capital markets available and accessible.
The FIG Leadership
The management team of fortress investment group led by Pete Bridger and Dean Darkolias commits itself in maintaining a proper governance on the rules, policies and practices of the company. Clear procedures and framework are provided by the team to ensure highest levels of business integrity and accountability are achieved.