Financial Institution

SoftBank absorbs Fortress in multi-billion dollar deal

Fortress Investment Group LLC is now a subsidiary of SoftBank Group Corp as of December 28th 2017. In a deal for $3.3 billion in cash the Japanese based technology investment company will now reflect all of Fortress Investment Group LLC’s financial information under SoftBank moving forward. The deal also includes buying of Fortress Investment Group’s Class A stocks at $8.08 per share, which turns out to be 39 percent higher than the stock price at the close of the bell on Fortress Investment’s last day of trading. Fortress Investment Group LLC (FIG) was removed from the New York Stock Exchange.

SoftBank Group Corp is an international enterprise holdings firm, who began to really grow during the mid-90s. SoftBank Group started Yahoo Japan in 1996. SoftBank invested $20 million in Alibaba in 2000, and by 2014 when Alibaba went public, that investment ballooned into $60 billion. Some economist regard SoftBank’s investment in Alibaba as one of the greatest ever. SoftBank acquired Vodafone Japan, on March 17th 2006. In 2008, SoftBank partnered with Tiffany & Co. to make a limited cellphone of only 10 models. SoftBank, in February 3, 2010 bought 13.7% of Ustream. By January 2013, SoftBank acquired eAccess, one of its competitors. SoftBank invested $210 million in OlaCabs, in October 2014, and $627 million in Snapdeal. SoftBank invested, November 2014, $100 million in housing.com. SoftBank also helped design a robot with Aldebaran Robotics In 2016. More Businesses at Fortress on fortress.com

SouthBank founder Masayoshi Son, assures the acquisition of Fortress Investment Group will not interfere in the way the company has ran to this point. 1998, Wes R. Edens, Randy Nardone and Rob Kauffmann founded Fortress Investment Group LLC in 1998. Today the excutives of Fortress are Wesley Edens, Randy Alan Nardone, and Peter Briger. Wes R. Edens, co-founder of Fortress, in 1984 earned his Bachelors of Science in Finance and Business Administration from Oregon State University. Lehman Brothers is where Mr. Edens began his career in finance and investments from 1987 to 1993. Mr. Nordone, has a J.D. from Boston University School of Law and Bachelors of Arts in English and Biology, both from the University of Connecticut. Randy Alan Nardone (Randy JD) has been Chief Executive Officer and COO since 2013. Randy is also Principal of Fortress Credit Corporation, and President and Chairman of Springfield Financial Holdings, LLC. Randy is also Director of Fortress Credit Corporation and Springleaf REIT Inc, a position he has held since May 2011.

Peter Briger is Chairman of the Board of Directors at Fortress Investment and elected Co-Chairman in 2009. A Princeton University alumni, Peter Briger is a former partner at Goldman Sachs and serves on the Global Control and Compliance Committee and Asian Management.

Fortress Investment Group LLC will continue to work as a private independent company within SoftBank, and will continue following the business models and practices that has made them one the most successful buyout companies ever. Related: A Force of Innovation: Two Decades of Fortress Investment Group

Fortress Investment Group Keeps iPass Moving Along With A $20 Million Financing Deal

Fortress Investment Group was founded by a group of financial geniuses who have created plenty of wealth during their lifetimes. The company has been continuing to grow by making profitable investments and is led by Wes Edens, Randal Nardone, and Peter Briger. Fortress recently teamed up with iPass, which is a company that is changing the world by connecting more and more people to the internet through its Wifi offerings. The company believes it will be able to continue to expand thanks to a $20 million investment by Fortress. The CEO of iPass, Gary Griffith, commented that Fortress has really help his company by allowing it to focus more on growing its revenue.

Fortress Investment Group was created by a group of financial geniuses who have continued to lead it towards success. Three of its original founders remain, and these are Wes Edens, Randal Nardone, and Peter Briger. Since 1998, they have employed a spread of investment strategies that have allowed the firm to grow steadily. The firm’s investment in iPass came to be because the company understands the value of Wifi and that there will be more and more people in the future who desire to be able to connect to the internet. Fortress is currently employing 900 people and is managing $40 billion in assets for its many different investors. The firm has been able to continue to raise funds for new projects that have found success because of its willingness to fund them.

Fortress Investment Group was honored by Institutional Investor Magazine in 2014 when it was given the “Institutional Hedge Fund Manager of the Year” award. The firm was recently acquired by Softbank, which is a Japanese investment firm that mainly focuses on the technology sector. Softbank paid for Fortress Investment Group with cash and is allowing the firm to continue to operate on its own. The Japanese company is hoping that Fortress will be able to help it grow its alternative asset portfolio, which is an area that Fortress has always done well in. Looking into the future, the firm expects to continue to invest in multiple industries.

How Southridge Capital Can Help Your Finances

Financial problems can happen to just about anyone. If you’re having issues with debt, credit cards, a poor credit score or even getting your business up and running in the way that it should be, you might attempt to handle the situation on your own. The issue with doing this on your own is that you’re going to find that it is too difficult to handle major problems on your own. This is a problem that so many have had to face, and they might not know where to turn to get this type of help. In order for you to rectify the situation and get your finances back on track, you need a financial solutions company like Southridge Capital.

What a financial solutions company does is work with you to remedy the problems you’re experiencing. This might mean they are going to be able to relieve some or all of your debt, repair your credit score or even help with setting up a company or dealing with debt problems. You will find that Southridge Capital has the experience behind them to get the work done, allowing you to relax while knowing that any of your financial worries are going to soon be a thing of the past without you having to do any of the work yourself. For more details visit LinkedIn.

One of the major reasons to consider hiring Southridge is all of the experience that they have. Not only can they work with any number of different people, but they have been in business themselves for well over 20 years. They are there to assist you in ways that no other financial company is able to do for you. There are lots of reasons and benefits to hiring Southridge Capital, so it pays to just give them a call and see what they can do for you. Once you hire them, they will do everything that they can to get the job done and know that you’re doing something positive for yourself. There are lots of different ways to get your finances on track, but hiring a company like Southridge Capital is the best way to start. You can visit their website southridge.com

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The Dallas Women’s Foundation Receives A Gift

The Dallas Women’s Foundation received a very surprising and welcomed gift. NexBank announced that they would sponsor the Dallas Women’s Foundation 32nd Annual Luncheon with a gift of $100,000. The Luncheon will be held in Dallas, October 20th, at the Hilton Anatole Hotel, located in Dallas. The luncheon will include several high profile speakers during the luncheon that will be live streamed to local schools located in North Texas. The Dallas Women’s Foundation is concerned about advancing economic and social change for women and girls.

Nexbank

Nexbank is heavily involved with the community around the financial institution. In addition, the financial institution actively supports various community programs like The Dallas Women’s Foundation, which received a very outstanding donation from Nexbank. Nextbank also provides financial services to those in the local community. The financial services are in 3 essential areas that include Commercial Banking, Mortgage Banking, and Institutional Services. The regional banking service has a charter that dates back nearly a hundred years.

Nexbank Services

It’s interesting to note that Nexbank was formerly known as Heritage bank. Today, the financial institution offers services to a wide range of customers in the Texas area. Some of the services offered by Nexbank include personal checking accounts, savings accounts, commercial checking, mobile banking, Internet banking, and more. The institution is also involved with commercial lending, business loans, real estate loans, along with institutionalized services.

More About Nexbank

Nexbank has strived diligently through the years to offer their customers financial and banking services that go beyond the norm in the community. Certainly, this has established them strongly in the community as leaders in the financial industry. The Dallas based financial institution has outstanding leadership provided by top industry leaders that understand the role that a successful financial institution should play in a community. Nexbank continues to provide outstanding services and leadership to the local community.