Fortress Investment Group Is Acquired by Softbank Group, but the Management is retained

Over the past few years, mergers and acquisitions have become rampant with the sole intention of expanding the business portfolio. In other cases, a business resorts to this model of transaction in order to venture into a complex project that it would otherwise not accomplish on its own. As illustrated by Softbank Group’s acquisition of Fortress Investment Group, mergers promote increased abilities in an organization.

Details of the Merger

First announced in early 2018, Softbank Group Corp said that it completed the initially announced proposal for the acquisition of Fortress Investment Group. Following the finalization of the transaction, it will now own the entire company inclusive of its affiliates and shares. This completion follows years of assessment and evaluation by both teams with the sole intention of ensuring that Fortress Investment Group meets all the conditions of the deal including the approval of its management in addition to the receipts of all regulatory approvals.

A Break Down of the Acquisition

Fortress is moving its shares to Softbank Group effective immediately. The result of this acquisition is having a team of officials to manage the new project that Softbank Group is taking up. Besides, the merger proceeds to distribute the payment procedures that have been outlined by Fortress Investment Group. Over and above, the entire managerial team is moving to Softbank Group.

The Management

Even with the acquisition, the co-principals of Fortress Investment Group will still hold their positions. The bank will also operate as an independent firm under the umbrella of Softbank Group. For example, Peter Briger, Randal Nardone, as well as Wes Edens, maintain their positions because they shall oversee the management of the firm in the new house. Other factors that have since remained constant after the acquisition include the business model, personnel, leadership and the culture of the firm.

Who is Fortress Investment Group

For years, Fortress Investment Group has crafted its ability to provide high-end financial services for clients. Established in 1998, by conjoined efforts of like-minded individuals, the company is a leading as well as a highly diversified investment firm in charge of $36.1 billion assets. Moreover, the company manages assets on behalf of clients. As of early 2018, the client base was at 1,750 people with the majority being novice investors. Besides that, Fortress Investment Group has cemented its name across the following units;

  • Real estate
  • Private equity management
  • Investment strategies
  • Credit management

Working for Fortress Investment Group

There is no doubt that a happy workplace attracts competent employees by helping them to work on achieving major goals. At Fortress Investment Group, this is a major aspect that has contributed to harmony and the growth of businesses. Fortress Investment Group has for years streamlined its operations alongside the assistance of a happy team of workers who dedicate their time and expertise to growing the business.

The Overview

Fortress Investment Group remains at its peak in service delivery. Even with the acquisition, its ability to deliver unparalleled services has not been compromised.

Katie Porter And ECU Give Dems A Shot In CA-45

At the core of End Citizens United’s message is the idea of justice and fairness in the political system, and at the core of Congressional Candidate Katie Porter’s life mission and platform is the same set of ideals. As a consumer advocate and professor, Katie Porter knows as well as anyone how destructive influx of money has been to our elections — and as progressive candidates around the country gear up to deliver the purported Blue Wave in 2018, it’s going to be candidates like Porter flipping Republican held seats that will make the difference.

Right now, California’s 45th Congressional District has a Republican representative, but it is also a district that turned out in huge numbers for Hillary Clinton (she won 49.8% of the vote to Trump’s 44%) and are huge supporters of Kamala Harris (who won the district with 66% of the vote). Well, Katie Porter not only has the endorsement of Senator Kamala Harris, but also the backing of End Citizens United who have led the way in delivering upsets for Democrats across the country. While Porter’s opponent has been a benefactor of dark money into her campaign coffers since she entered the political arena, Porter herself understands that politicians should be listening to the wills of the working class — NOT corporate PACs who try and buy elections.

In fact, it’s not just End Citizens United and Kamala Harris who are rushing to support Porter’s candidacy — Senator Elizabeth Warren sent her endorsement all the way across the country because she understands that Porter is steadfastly focused on protecting rights of everyday Americans. By all indications, this is promising to be a great year for Democrats and if candidates like Katie Porter continue to be nominated then chances are they will be giving Republicans fits and flipping seats all across the country.

Without a doubt, the support of End Citizens United (a group founded in March of 2015 to get money out of politics) will provide a massive boost to Porter’s campaign. As political observers around the country impatiently wait for the arrival of the Blue Wave, groups like End Citizens United and candidates like Katie Porter are hard at work doing the grassroots work necessary to flip both houses of Congress back under Democratic control. California as a whole is as blue as its ever been, and with an exciting candidate like Katie Porter in the 45th District it seems like it is really only a matter of months before that seat is flipped as well.

To Know More Click Here

The Great Achievements Of George Soros Philanthropy

George Soros is one of the great people who has played an enormous role in the community. He is known to be the philanthropist who has assisted many programs with an aimed at transforming the society. For instance, he made a significant contribution of $18 billion to boost the operations of the Open Society Foundation. The amount has aided the firm in running its system and place it at a vantage position of promoting other small groups in the United States. His donation is one of the biggest that has ever been seen in the private segment.

Open Society Foundation as the great donors across the different states of the United States is concern about creating cohesion and equality in the society. The organization has set in place the right measures that will boost its programs. For instance, it has set in place strategic moves that promote matters that are related to the democracy. The factor that has made the agency stand out is the long experience in field of over 30 years. Throughout the period ever since its inception, it has achieved concrete goals within the set time limits. The achievements of the firm are associated with the pragmatic leadership that has been erected.

The support that has been seen through the programs of the organization has gained an amount of support from various authorities that are promoting equality and human rights in society. A lot of assistance in the community through the efforts of the Open Society Foundation has been noted in various parts of the United States. The significant move that organization made recently is supporting some of the developing countries which had been hit by the cases of Ebola.

Moreover, the body was among the team that took part in the financial support of Roma art and culture to foster its development. The assist has made the system of Roma art and culture flow towards the right direction. George Soros is the person who has been in the frontline in boosting the efforts of the Open Society Foundation. The estimation of his contribution within a year is between $800 and $900 million. The total amount that he set to the operations of the agency in the year2017 is about $18 billion. The amount was meant to guide minority groups that are fighting for the human rights in the community set their missions in progress.

Soros has pinned the right leadership in the system of Open Society Foundations. The decision has made organization realized most of its dreams. Through the team of experts that are in charge of the various operation, all measures are set to counter the challenges that are predictable to the agency. Their competence has made the society believe in them. The organization is also promoting education through the provision of scholarship to different students.

George Soros has ingrained in its system that transformation can be achieved through the right knowledge to the society. In the year 1980, he assisted a lot of the students in South African who had been affected by the incidents of the apartheid. He went to West at Communist Hungary with a mission of fostering cohesion. George Soros has played significant roles in the society through the efforts of Open Society Foundations.

Visit More : www.forbes.com/profile/george-soros/