Fortress Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, Fortress has acquired 4 companies. It has also invested in 1 other.

Fortress’ most common sectors for investment arefinancial services (23%) and real estate (16%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (32%) and going private (16%). In total, Fortress has invested in 17 US states and 7 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired GAGFAH S.A. for $8.6B.

In the last 3 years, Fortress has exited 2 companies. The Firm’s most common exit type is trade sale (36%). Fortress’ largest (disclosed) exit occurred in 2007 when it sold Global Signal for $5.8B.

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M&A Summary

M&A Total Activity69
- M&A Buy Activity44
- M&A Sell Activity25
Total Sectors Invested 20
Total Countries Invested 7
M&A Buy/Sell Connections 27
M&A Advisors 6

Fortress

Fortress Investment Group LLC

Transaction Criteria	Min	Max
Target Revenue	-	-
Target EBITDA	-	-
Investment Size	-	-
Enterprise Value	-	-

Transaction Criteria

Min

Max

Target Revenue

Target EBITDA

Investment Size

Enterprise Value

Year	≤ '19	'20	'21	'22	'23	'24	T
Buy (1.8/yr)	#	35	4	3	1	1	-	44
vol	$35.0B	$44M	$3.5B	$1.5B			$40.0B
Sell (0.6/yr)	#	22	1	2	-	-	-	25
vol	$6.5B						$6.5B
	69

Year

≤ '19

'20

'21

'22

'23

'24

Buy (1.8/yr)

vol

$35.0B

$44M

$3.5B

$1.5B

$40.0B

Sell (0.6/yr)

vol

$6.5B

Company	Date	Value	Type
Vice Media Group	2023-07-31	-	Special Situations/Distressed
Brooklyn, New York · www.vice.com
Sogo & Seibu Co., Ltd.	2022-11-09	1.5B USD	Divestiture
Tokyo, Japan · www.sogo-seibu.jp
Punch Taverns Ltd.	2021-12-15	-	Secondary Buyout
Burton upon Trent, United Kingdom · www.punchtaverns.com
Accordia Golf Co., Ltd.	2021-11-15	3.5B USD	Secondary Buyout
Tokyo, Japan · www.accordiagolf.com
Foundation Home Loans	2021-07-15	-	Trade Sale
Bracknell, United Kingdom · www.foundationforintermediaries.co.uk
Aucerna	2021-02-15	-	Merger
Calgary, Alberta · www.aucerna.com
Omnispace LLC	2021-02-02	-	Venture
Tysons, Virginia · www.omnispace.com
Arcis Golf	2020-10-20	-	Growth Capital
Dallas, Texas · www.arcisgolf.com
Finjan, Inc.	2020-06-10	44M USD	Going Private
East Palo Alto, California · www.finjan.com
The Krystal Co.	2020-05-22	-	Special Situations/Distressed
Dunwoody, Georgia · www.krystal.com
View All >>

Company

Date

Value

Type

Vice Media Group

2023-07-31

Special Situations/Distressed

Brooklyn, New York · www.vice.com

Sogo & Seibu Co., Ltd.

2022-11-09

1.5B USD

Divestiture

Tokyo, Japan · www.sogo-seibu.jp

Punch Taverns Ltd.

2021-12-15

Secondary Buyout

Burton upon Trent, United Kingdom · www.punchtaverns.com

Accordia Golf Co., Ltd.

2021-11-15

3.5B USD

Secondary Buyout

Tokyo, Japan · www.accordiagolf.com

Foundation Home Loans

2021-07-15

Trade Sale

Bracknell, United Kingdom · www.foundationforintermediaries.co.uk

Aucerna

2021-02-15

Merger

Calgary, Alberta · www.aucerna.com

Omnispace LLC

2021-02-02

Venture

Tysons, Virginia · www.omnispace.com

Arcis Golf

2020-10-20

Growth Capital

Dallas, Texas · www.arcisgolf.com

Finjan, Inc.

2020-06-10

44M USD

Going Private

East Palo Alto, California · www.finjan.com

The Krystal Co.

2020-05-22

Special Situations/Distressed

Dunwoody, Georgia · www.krystal.com

View All >>

Company	Acquired	Add-On/Sale	Date	#
Florida East Coast Industries, Inc.	2007-05-08	Florida East Coast Railway LLC	2017-03-28	1
Miami, Florida · www.feci.com	Jacksonville, Florida · www.fecrwy.com

Company

Acquired

Add-On/Sale

Date

Florida East Coast Industries, Inc.

2007-05-08

Florida East Coast Railway LLC

2017-03-28

Miami, Florida · www.feci.com

Jacksonville, Florida · www.fecrwy.com

Sector	Current #	Value	All-time #	Value
Financial Services	-	-	10 (23%)	5.4B (13%)
Real Estate	1 (7%)	-	7 (16%)	14.1B (35%)
Leisure	2 (13%)	3.5B (23%)	3 (7%)	6.3B (16%)
Restaurants	3 (20%)	-	3 (7%)	-
Transportation	-	-	2 (5%)	1.1B (3%)
Media	1 (7%)	-	2 (5%)	530M (1%)
Communications	2 (13%)	-	2 (5%)	-
Energy Services and Equipment	-	-	2 (5%)	-
Healthcare Services	-	-	2 (5%)	-
Consumer Services	1 (7%)	6.9B (45%)	1 (2%)	6.9B (17%)
Diversified	1 (7%)	3.5B (23%)	1 (2%)	3.5B (9%)
Retail	1 (7%)	1.5B (10%)	1 (2%)	1.5B (4%)
Insurance	-	-	1 (2%)	460M (1%)
Business Services	-	-	1 (2%)	270M (1%)
Information Technology	1 (7%)	44M (< 1%)	1 (2%)	44M (< 1%)
Gaming	-	-	1 (2%)	-
Internet Software and Services	1 (7%)	-	1 (2%)	-
Marine	-	-	1 (2%)	-
Oil/Gas Exploration	1 (7%)	-	1 (2%)	-
Software	-	-	1 (2%)	-
Total	15	$15.4B	44	$40.0B

Sector

Current #

Value

All-time #

Value

Financial Services

10 (23%)

5.4B (13%)

Real Estate

1 (7%)

7 (16%)

14.1B (35%)

Leisure

2 (13%)

3.5B (23%)

3 (7%)

6.3B (16%)

Restaurants

3 (20%)

3 (7%)

Transportation

2 (5%)

1.1B (3%)

Media

1 (7%)

2 (5%)

530M (1%)

Communications

2 (13%)

2 (5%)

Energy Services and Equipment

2 (5%)

Healthcare Services

2 (5%)

Consumer Services

1 (7%)

6.9B (45%)

1 (2%)

6.9B (17%)

Diversified

1 (7%)

3.5B (23%)

1 (2%)

3.5B (9%)

Retail

1 (7%)

1.5B (10%)

1 (2%)

1.5B (4%)

Insurance

1 (2%)

460M (1%)

Business Services

1 (2%)

270M (1%)

Information Technology

1 (7%)

44M (< 1%)

1 (2%)

44M (< 1%)

Gaming

1 (2%)

Internet Software and Services

1 (7%)

1 (2%)

Marine

1 (2%)

Oil/Gas Exploration

1 (7%)

1 (2%)

Software

1 (2%)

Total

$15.4B

$40.0B

State/Country	Current #	Value	All-time #	Value
United States	12 (80%)	10.4B (68%)	33 (75%)	21.2B (53%)
	Texas	3 (20%)	-	5 (11%)	450M (1%)
	Florida	2 (13%)	10.4B (67%)	5 (11%)	15.3B (38%)
	New York	2 (13%)	-	4 (9%)	530M (1%)
	California	2 (13%)	44M (< 1%)	4 (9%)	44M (< 1%)
	Georgia	1 (7%)	-	2 (5%)	-
	Ohio	-	-	2 (5%)	260M (1%)
	Virginia	1 (7%)	-	1 (2%)	-
	Oklahoma	1 (7%)	-	1 (2%)	-
	Colorado	-	-	1 (2%)	2.8B (7%)
	Connecticut	-	-	1 (2%)	700M (2%)
	Minnesota	-	-	1 (2%)	620M (2%)
	Massachusetts	-	-	1 (2%)	292M (1%)
	Indiana	-	-	1 (2%)	125M (< 1%)
	Tennessee	-	-	1 (2%)	-
	Pennsylvania	-	-	1 (2%)	-
	Illinois	-	-	1 (2%)	-
United Kingdom	1 (7%)	-	5 (11%)	1.9B (5%)
Japan	2 (13%)	5.0B (32%)	2 (5%)	5.0B (12%)
Luxembourg	-	-	1 (2%)	8.6B (21%)
Italy	-	-	1 (2%)	2.9B (7%)
Bermuda	-	-	1 (2%)	460M (1%)
Canada	-	-	1 (2%)	-
	Alberta	-	-	1 (2%)	-
Domestic	12 (80%)	10.4B (68%)	33 (75%)	21.2B (53%)
Cross-border	3 (20%)	5.0B (32%)	11 (25%)	18.9B (47%)
Total	15	$15.4B	44	$40.0B

State/Country

Current #

Value

All-time #

Value

United States

12 (80%)

10.4B (68%)

33 (75%)

21.2B (53%)

Texas

3 (20%)

5 (11%)

450M (1%)

Florida

2 (13%)

10.4B (67%)

5 (11%)

15.3B (38%)

New York

2 (13%)

4 (9%)

530M (1%)

California

2 (13%)

44M (< 1%)

4 (9%)

44M (< 1%)

Georgia

1 (7%)

2 (5%)

Ohio

2 (5%)

260M (1%)

Virginia

1 (7%)

1 (2%)

Oklahoma

1 (7%)

1 (2%)

Colorado

1 (2%)

2.8B (7%)

Connecticut

1 (2%)

700M (2%)

Minnesota

1 (2%)

620M (2%)

Massachusetts

1 (2%)

292M (1%)

Indiana

1 (2%)

125M (< 1%)

Tennessee

1 (2%)

Pennsylvania

1 (2%)

Illinois

1 (2%)

United Kingdom

1 (7%)

5 (11%)

1.9B (5%)

Japan

2 (13%)

5.0B (32%)

2 (5%)

5.0B (12%)

Luxembourg

1 (2%)

8.6B (21%)

Italy

1 (2%)

2.9B (7%)

Bermuda

1 (2%)

460M (1%)

Canada

1 (2%)

Alberta

1 (2%)

Domestic

12 (80%)

10.4B (68%)

33 (75%)

21.2B (53%)

Cross-border

3 (20%)

5.0B (32%)

11 (25%)

18.9B (47%)

Total

$15.4B

$40.0B

Type	Current #	Value	All-time #	Value
Buyout (LBO, MBO, MBI)	-	-	14 (32%)	6.2B (15%)
Going Private	2 (13%)	3.5B (23%)	7 (16%)	20.6B (51%)
Special Situations/Distressed	2 (13%)	-	7 (16%)	1.4B (3%)
Secondary Buyout	4 (27%)	10.4B (67%)	4 (9%)	10.4B (26%)
Growth Capital	1 (7%)	-	3 (7%)	-
Venture	3 (20%)	-	3 (7%)	-
PIPE	1 (7%)	-	2 (5%)	-
Stake Purchase	1 (7%)	-	2 (5%)	-
Divestiture	1 (7%)	1.5B (10%)	1 (2%)	1.5B (4%)
Recapitalization	-	-	1 (2%)	-
Total	15	$15.4B	44	$40.0B

Type

Current #

Value

All-time #

Value

Buyout (LBO, MBO, MBI)

14 (32%)

6.2B (15%)

Going Private

2 (13%)

3.5B (23%)

7 (16%)

20.6B (51%)

Special Situations/Distressed

2 (13%)

7 (16%)

1.4B (3%)

Secondary Buyout

4 (27%)

10.4B (67%)

4 (9%)

10.4B (26%)

Growth Capital

1 (7%)

3 (7%)

Venture

3 (20%)

3 (7%)

PIPE

1 (7%)

2 (5%)

Stake Purchase

1 (7%)

2 (5%)

Divestiture

1 (7%)

1.5B (10%)

1 (2%)

1.5B (4%)

Recapitalization

1 (2%)

Total

$15.4B

$40.0B

Type	Total #	Value
IPO	8 (32%)	-
Trade Sale - Public Company	6 (24%)	6.5B (100%)
Secondary Sale	3 (12%)	-
Trade Sale	3 (12%)	-
Merger	2 (8%)	-
Bankruptcy	1 (4%)	-
Divestiture	1 (4%)	-
Shut Down	1 (4%)	-
Total	25	$6.5B

Type

Total #

Value

IPO

8 (32%)

Trade Sale - Public Company

6 (24%)

6.5B (100%)

Secondary Sale

3 (12%)

Trade Sale

3 (12%)

Merger

2 (8%)

Bankruptcy

1 (4%)

Divestiture

1 (4%)

Shut Down

1 (4%)

Total

$6.5B

Financial	Deals
Lehman Brothers, Inc.	1

Financial

Deals

Lehman Brothers, Inc.

Legal	Deals
Skadden, Arps, Slate, Meagher & Flom	2
Fried Frank Harris Shriver & Jacobson LLP	1
Davies Ward Phillips & Vineberg LLP	1

Legal

Deals

Skadden, Arps, Slate, Meagher & Flom

Fried Frank Harris Shriver & Jacobson LLP

Davies Ward Phillips & Vineberg LLP

buy	#	Total
> $1B	10	$35.5B
$100M to $1B	10	$4.4B
< $100M	1	$44M
TOTAL	$40.0B
Largest	GAGFAH S.A. $8.6B (2004-09-01)

buy

Total

> $1B

$35.5B

$100M to $1B

$4.4B

< $100M

$44M

TOTAL

$40.0B

Largest

GAGFAH S.A.
$8.6B (2004-09-01)

sell	#	Total
> $1B	1	$5.8B
$100M to $1B	3	$655M
TOTAL	$6.5B
Largest	Global Signal, Inc. $5.8B (2007-01-12)

sell

Total

> $1B

$5.8B

$100M to $1B

$655M

TOTAL

$6.5B

Largest

Global Signal, Inc.
$5.8B (2007-01-12)

		Deals
Acquired from
Investor(s)	11%	5 (11%)
Strategic(s)	2%	1 (2%)
Exited to
Investor(s)	12%	3 (12%)
Strategic(s)	48%	12 (48%)

Deals

Acquired from

Investor(s)

5 (11%)

Strategic(s)

1 (2%)

Exited to

Investor(s)

3 (12%)

Strategic(s)

12 (48%)

FAQ

When was Fortress founded?

Fortress was founded in 1998.

What type of investor is Fortress?

Fortress is an asset manager.

Where is Fortress headquartered?

Fortress is headquartered in New York, New York.

How much capital does Fortress have under management?

Fortress has 44.2B USD under management.

Fortress Mergers and Acquisitions Summary

Asset Manager Profile

M&A Summary

Fortress

Fortress Investment Group LLC

Investment Criteria

M&A Summary

Buy vs Sell

Most Recent M&A

Portfolio M&A

M&A by Sector

Acquisitions By Geo

Acquisitions by Deal Type

Exits by Deal Type

Top M&A Advisors

Deal Values

M&A Connections

Investor Summary

Investor Type

Size

PE Assets

Established

Specialist/Generalist

Leadership

Randal Nardone

Wesley Edens

Thomas Pulley

Peter Briger, Jr.

Andrew McKnight

FAQ

When was Fortress founded?

What type of investor is Fortress?

Where is Fortress headquartered?

How much capital does Fortress have under management?

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