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  6. Fortress Invests In Red Rocks Resources

Investment Summary

Fortress Invests In Red Rocks Resources

On November 11, 2016, asset manager Fortress invested in oil/gas exploration company Red Rocks Resources

Investment Highlights
  • This is Fortress’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Fortress’ 26th transaction in the United States.
  • This is Fortress’ 1st transaction in Oklahoma.

Investment Summary
Date 2016-11-11
Target Red Rocks Resources
Sector Oil/Gas Exploration
Investor(s) Fortress
Deal Type Stake Purchase

Target

Red Rocks Resources

Oklahoma City, Oklahoma, United States
Red Rocks Resources is a private oil and gas company. Red Rocks is led by three experienced oil executives, Kevin Fitzgerald, Randy Stalcup and Jim Stubbs, with over 110 years of combined experience, and operates oil and gas assets throughout the Mid-Continent United States. Red Rocks Resources was founded in 2001 and headquartered in Oklahoma City, Oklahoma.

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Investor(S) 1

Investor

Fortress

New York, New York, United States
Category Asset Manager
Founded 1998
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 33 of 49
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 2
State: Oklahoma M&A 1 of 1
Country: United States M&A 26 of 36
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-05 Italfondiario

Rome, Italy

Italfondiario provides commercial financial services. The Company offers credit management services such as outsourcing of financial and commercial. Italfondiario serves customers in Italy.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 Litify

New York, New York, United States

Litify is a software platform for managing law firms. Litify’s software is designed specifically to allow law firms to have far greater insights and transparency into their operations. The software improves law firm efficiency by providing an intuitive and streamlined platform for intakes, referrals, case management, and internal and external communication. Built on top of the Salesforce.com platform, Litify leverages the power of Salesforce with custom applications tailored specifically for the legal industry. Litify is based in New York City.

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