Fortress Investment Group was recently acquired by Softbank Group. The acquisition was based on a premium stock exchange price that amounted to about $2.25 for every share. Later into the application of the premium on the stock’s share per price, Softbank was valued at $8.08 for every share. Accordingly, the charged premium stocks share has been charged on the prices instigated on Fortress Investment Group. This has in turn increased the corporation’s valuation by about $140 billion.
Well, surprisingly, this is the second time Fortress Investment Group has entered the records of companies that have broken records in such ways. In 2007, the company was put in the same position and Lehman Brothers joined by Goldman Sachs held their previous offering to declare themselves public. Originally founded by five like-minded individuals who aspired to transform people’s lives by contributing to their financial goals, the company has in the past years cemented its name in the industry of financial services.
More on His Career
Behind the entire transactions that Fortress Investment Group has dealt with is Wes Edens, the co-principal of the organization. Wes is also a board member and has extensively participated in the decision making process of the firm. Other than that, he has vast experience in finance and banking. Moreover, he plays pivotal roles as the man who oversees the Milwaukee Bucks in Milwaukee Wisconsin. Because of his leadership skills, he has landed various executive positions across the board with the most recent being him retaining his position at Fortress Investment Group even as the Japanese acquire it. This is a reflection that Wes Edens is a competent leader. Even so, Wes Edens started his career from a humble point.
For starters, he worked for Lehman Brothers, an investment firm. Prior to working for this company, he was a student at the prestigious Oregon State University where he majored in finance as well as business administration. When working for Lehman Brothers, he garnered vast experience as the managing director. Moreover, he committed time and effort to developing his career by honing his leadership skills. It is because of these skills that he has since managed to work for Fortress even during the buyout.From Lehman Brothers, Wes Edens served at Blackrock Asset Investors for several years. He was the managing director and the investment manager at the same time. In 1998, he decided to join his business associates in developing Fortress Investment Group.