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SoftBank Group $3.3 billion acquisition of Fortress Investment Group

14/2/2017
Public acquisition
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$ 3.3 billion

Announced

14/2/2017

Overview:

  • Japanese telecommunications company SoftBank Group has acquired US private equity firm Fortress Investment Group in a $3.3 billion deal.
  • Fortress will retain its base of operations in New York and function independently within SoftBank.
  • JPMorgan Chase acted as financial adviser for SoftBank and Morgan Stanley acted for Fortress.
  • Evercore served as financial adviser for the special committee of Fortress's board of directors.
  • The transaction is expected to close in the second half of 2017.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Japan

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Investment management
Technology and telecommunications

Firms:
Debevoise & Plimpton

Party: Evercore (Financial adviser)

Lawyer: William Regner

Kirkland & Ellis

Party: SoftBank Group (Acquirer)

Lawyer: Norm Champ

Skadden Arps Slate Meagher & Flom

Party: Fortress Investment Group (Target)

Lawyers: Joseph Coco, Peter Serating

Weil Gotshal & Manges

Party: SoftBank (Acquirer)

Lawyers: Harvey Eisenberg, James Griffin

Willkie Farr & Gallagher

Party: Morgan Stanley (Financial adviser)

Lawyer: Laura Delanoy

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