Category: Investment

Fortress Investment Group Sells its Shares to SoftBank

Twenty years ago, New York City residents started getting the services of a prestigious company going by the name Fortress Investment Group. The firm got its first office in this city. Operating in a small facility, the company set itself from the competition in the market by being unique, keeping the interests of the customers at the center of its operations. Unlike many companies that are owned and controlled by just one person, this private organization had several executives. These were all experts in the finance services department. Whenever there was a problem, the top executives, who served in the role of principals and co-chairmen would sit down and look for a solution as a team. The teamwork exercised by the group made it very prominent in the market. Visit bloomberg.com

This has been one of the significant years at Fortress Investment Group. After experiencing growth and opening small offices in several places, the company has invited a different company to purchase its stocks. The chief executive officer of the company, Randal Nardone made a statement recently, addressing the acquisition process that was made possible by SoftBank. The experienced leader said that SoftBank had already completed the acquisition of the financial services firm in a deal that used more than three billion dollars. According to Nardone, the completion of the acquisition procedure means that SoftBank will now be the owner of the entire Fortress Investment Group share and its subsidiaries. There were several conditions that were set by the company when the whole process was started at the beginning of the year. All of the conditions are believed to have been met in the best way possible.

Fortress Investment Group executives, who have done well in the recent decade, have been the greatest beneficiaries of the deal. All of them were given a good amount of cash for the good work they have done since the company was brought into New York City. SoftBank has shown that it is a giant in the market because it was able to meet the financial demands that were set by Fortress Investment Group.

Read more on https://www.indeed.com/q-Fortress-Investment-Group-jobs.html

 

Wes Edens Looks To Protect The Climate

The work of Wes Edens and his family to conduct research designed to investigate what is really going on with the climate of the planet has been ongoing for a number of years. A range of different programs for students at Princeton University to enjoy and conduct important research to protect the future of the planet. Wes Edens himself has shown a strong interest in green technologies through the News Fortress Energy business he has created to provide green liquified natural gas power to developing nations often beholden to larger economies for their utilities.

Wes Edens is best known to the majority of people in the U.S. as the owner of the Milwaukee Bucks NBA franchise which has benefited from his forward-thinking nature. Despite the small market in terms of the U.S. for the Milwaukee-based franchise to play in, Wes Edens made a promise to remain in the market and provide a new arena for the team to play in. Just four short years later, Edens is providing the success he promised on and off the court by turning acres of vacant land into a new entertainment district. View Wes Edens’s profile on Linkedin

Over the course of the last few years, Wes Edens and his family have headed up the climate change research program at Princeton University. The students and teachers of Princeton University have spent much of their time looking to complete internships and mentorships over the course of their time at Princeton University.

The college has become one of the leading programs for the Edens family who have seen a number of major investments take place over the Summer. The purchase of Aston Villa F.C. by Edens and Egyptian billionaire Nassef Sawiris for $39 million has allowed the club to look to a brighter future in the coming years. Sawiris and Edens both have experience in the U.S. sports investment markets and hope to bring this experience to their new roles on the board of the seven-times English champions.

View: https://www.newseniorinv.com/about/leadership/board-of-directors/wesley-edens

HGGC acquires majority shareholding in RPX

HGGC has completed a tender offer that was announced by one of its affiliates, Riptide purchaser, Inc. After the completion of the acquisition, Purchaser has acquired all outstanding shares of RPX common stock. According to the CEO and co-founder of HGGC, Rich Lawson, the company is happy to have partnered with the management of RPX. They are happy to work with our RPX going forward and ensuring that our RPX meets the growing needs of its client-network. In the acquisition, the deal was completed without the affirmative vote of other RPX shareholders.

HGGC is confident that it will help RPX to achieve its next goals of growth and strengthen its opportunities in discovery management and patent risk services. Steven Leistner, the principal of HGGC, argued that the deal would create an environment whereby RPX will manage to grow its operations to a wide range of clients. RPX has a mission of investing in opportunities that meet the needs of the clients in long-term while at the same time providing innovative services which clients can rely on. By working with the new partner, they will be able to meet their goals and those of Inventus. After the completion of the merger, RPX will now be one of the subsidiaries of HGGC.



RPX provides discovery management and patent risk solutions. It was founded in 2008 and has introduced efficiency in the market by providing alternative solutions to litigation. The company is based in San Francisco and uses the approach of deep patent expertise, principal capital, and client contributions to generate an improved patent purchasing power. RPX has managed to mitigate patent risk for its wide range of clients by acquiring patents and patent rights. As of March 2018, RPX had over $2.4 billion investments in patent assets and rights on behalf of over 320 clients in different keys sectors such as consumer, electronics, e-commerce, software financial services, mobile communications, semiconductors, and networking.

HGGC is a top middle-market private equity firm with capital commitments of over $4.3 billion. It is best in alto California and known for its advantaged investing model that enables it to source and acquire attractive business opportunities. So far it has completed over 19 investments recapitalizations and add-on acquisitions with a value of more than 17 billion.

https://www.businesswire.com/news/home/20181001005110/en/Colin-Phinisey-Joins-HGGC-Lead-Capital-Markets