Announced
Financials
Tags
Private Equity
Pending
Cross Border
Majority
Private Equity
investment management
United States
Private
Acquisition
Friendly
Synopsis
Fortress, a global investment manager, and Mubadala, a sovereign wealth fund, agreed to acquire the remaining 90.01% stake in Fortress Investment from SoftBank, an investment holding company. Financial terms were not disclosed. “Fortress is a world-leading investment manager with a proven track record of delivering superior risk-adjusted returns to its investors throughout business cycles. Over the last 20 years, they have built an incredible franchise and established themselves as a premier credit and asset investor while simultaneously growing investment strategies across a wide range of asset classes. We have a strong existing relationship with Fortress’ exceptional management team, and are excited to deepen the relationship further in the years ahead based on a strong alignment of vision, while delivering even greater value to our investors,” Hani Barhoush, Mubadala CEO and Managing Director.
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