Announced
Financials
Sources
Tags
Private Equity
Cross Border
Acquisition
Pending
Private
Single Bidder
Majority
Friendly
Singapore
golf courses
Recreational Services
Synopsis
SoftBank-backed Fortress Investment Group, an investment management firm, agreed to acquire Accordia Golf, a Japanese golf course operator, for $3.5bn. The SoftBank-affiliated investment fund owns hotels in Japan and intends to raise its corporate value by funneling some of those customers to the country’s biggest golf course chain.
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