Fortress Investment Group will operate within SoftBank as an independent business headquarters in New York. Its principals Pete Briger, Wes Edens and Randy Nardone, will continue to lead Fortress Investment Group. SoftBank is committed to maintaining the business model, brand, processes, and culture that will help in making Fortress Group successful.
In one of the most compelling incidents, FIG brought the 2010 Winter Olympics to a halt that was to be held in Canada. They demanded payments owed by the Canadian authorities that are important for allowing the games to proceed further. They were in the new media for a while prior to the games. It was a shock to most Canadian people who did not even understand how an American Company could be so deeply involved that it threatened to stop the games. The story is that the Fortress Investment Group owned the British Columbia Ski resort that the Olympics organizers were supposed to use it for the Alpine events. Fortress Group demanded that the Canadian authorities were responsible for the games and should pay over $90 million; otherwise, they would sue them and discontinue the games from being held at all.
Fortress Investment Group is a private, highly diversified global investment firm specializing in buyouts, recapitalization, and turnaround situations. Fortress group leadership is devoted to maintaining strong governance policies and regulations. The Board of Directors has set the procedures as well as a framework for establishing business integrity and accountability. It is about investing in financial services, particularly loan servicing and consumer financing. They also invest in real estate, transportation, and energy, as well as infrastructure, gaming, leisure, healthcare, and senior living. Not only that, their investments reach as far as the media, and telecommunications. Fortress Group mostly invests in North America, Caribbean, and Western Europe for private equity. Apart from that, it brings the experience of investing broadly and profoundly in a diverse set of asset types. Fortress Investment Group expertise in pricing, owning, financing and overseeing the management of physical and financial assets that are ranging from real estate and capital assets to financial assets secured by diversified long-term cash flows.
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