By buying Fortress, SoftBank gains a team that could help it find and structure deals, as well as an asset-management back office (compliance, legal, trading) to aid it's $100 billion Vision Fund
Late last year, Fortress Investment Group co-Chairman Peter Briger talked to an old friend about a deal for his firm. On the line was Rajeev Misra, who left Fortress in 2014 for a senior post at SoftBank Group, the Japanese telecommunications company. The New York firm was being undervalued by the public markets and wanted to go private, Mr. Briger said during the call, according to people familiar with the matter. The deal... To Read t
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