The purchase of Fortress, a prominent private equity firm with a specialty in investing in distressed assets, was driven by Rajeev Misra,<br />a former top derivatives expert at Deutsche Bank who has taken a leading role insetting investment strategy for the vision fund<br />Now, SoftBank is nearing its most unusual move yet: It is about to buy Fortress Investment<br />Group, an American private equity giant that oversees around $70 billion in assets.<br />The mogul, who is one of Japan’s richest men, has sought to shake up the American telecommunications industry<br />and recently sought to win over President Trump by announcing intentions to create jobs in the United States.<br />But the acquisition is intended to bolster SoftBank’s other enormous new endeavor: a $100<br />billion technology investment fund that threatens to roil the private equity world.<br />SoftBank of Japan Will Buy U. S. Private Equity Giant Fortress -<br />By LANDON THOMAS Jr. and MICHAEL J. de la MERCEDFEB.<br />He has never been known for his modesty, repeatedly boasting about outsize ambitions like dethroning Verizon<br />and AT&T atop the American wireless industry with Sprint.<br />SoftBank will be paying $3.3 billion for Fortress, a premium to the company’s public market value of $2.3 billion.
