Fortress Investment Group: Focusing on the Mergers and Acquisitions

Fortress Investment Group was launched in 1998 and became a trendsetter in the industry being the first company to go public. The company aids in acquiring strong risk-adjusted yields in long-term investments for its clients. Recently, the company expanded its operations to invest in iPass, a leading company in the provision of global connectivity. iPass operates the world’s biggest Wi-Fi networks that make it possible for consumers to access millions of Wi-Fi hotspots. These consumers include various hotels, restaurants, train stations, airports, convention centers, and entertainment spots. The investment in iPass enables customers to access the best roaming experience. The company has its headquarters in New York and has a workforce of more than 900 managing investments worth $40 billion for over 1750 investors. Fortress Investment Group has won several accolades including Institutional Hedge fund of the Year in 2014. The company has also had several acquisitions such as Florida East Coast Industries, Canadian Company Intrawest, Penn National Gaming, and RailAmerica. Recently, the acquisition of RailAmerica received a $2 billion in bonds from the government to expand its services in the greater Florida region, with specific focus to Orlando. Visit indeed.com

Recently, Fortress Investment Group’s co-founder Wes Edens spoke about the opportunity and demand for high-speed rail services to gain success. Wes Edens discussed the idea of privately-owned firms venturing into transportation infrastructure and making tremendous improvements. Brightline which is owned by Fortress Investment Group recently won the projects to connect Los Angeles to Las Vegas through a high-speed rail, which is scheduled to begin in 2019. A Japanese company, SoftBank Group, recently acquired fortress Investment Group. The company was purchased at a cash value of $3.3 billion. The acquisition was intended to develop an alternative asset segment in investment for Softbank Group. The acquisition has led to the opening of the Softbank Financial Services in London. Fortress goes ahead to expand the real estate market in New York operating under Softbank Group. Fortress recorded history in the United States as the first private equity company to remove itself from public trading and to return to private company status. Softbank Group is developing to become one of the largest managers of alternative assets globally. Read more on https://www.institutionalinvestor.com/article/b18bk5yhb04tbq/fortress-investment-group