Fortress Investment Group was acquired in 2017 by Softbank group Corporation. During this acquisition by Softbank group Corporation, a premium was charged on the stock price. This premium amounted to $2.25 per share. After the premium was applied to the stock’s share price, the Corporation was sold at a total valuation of $8.08 per share. With this premium that has been charged on the stock price Fortress Investment Group experience an immediate increase in their corporation’s valuation by around $140 billion. This is not the first time that Fortress Investment Group has broken records. Fortress Investment Group became the first publicly traded private equity investment firm in the North American continent during February 2007. During February 2007 with the help of Lehman Brothers and Goldman Sachs they held their initial public offering became the first publicly traded private equity investment firm in North America. Fortress Investment Group was originally founded by five individuals.
Wes Edens was one of the primary principle founding members. Wes Edens is best known as one of the visible founding members and current chairman of the board of directors for Fortress Investment Group. Wes Edens currently owns several sports teams including the Milwaukee Bucks who are based out of Milwaukee Wisconsin. It was thanks to the expert leadership of Wes Edens that Fortress Investment Group was able to be acquired by Japanese technology giant corporation Softbank group.
Wes Edens originally began his career in the finance industry by working for Lehman Brothers investment firm. Before working for Lehman Brothers investment firm, he had attended Oregon State University. He graduated from Oregon State University with 2°. These degrees were in finance and business administration. From the years 1987 until 1993 he worked for Lehman Brothers investment firm. During his time at Lehman Brothers investment firm, he was both a partner and managing director for the investment for. In 1993 he switched his career tracks and began to work for alternative investment firm Blackrock asset investors. He worked there for several years serving as both a partner and managing director for the investment firm as well. After this, he decided that it was about time for him to launch his own investment firm. In 1998 Wes Edens along with the help of four other individuals launched Fortress Investment Group. During the company’s formative years it was able to expand its assets holdings by around 39.7%. Wes Edens continues to serve as the company’s chairman even after its acquisition by Softbank group Corporation.