SoftBank Group to Acquire Fortress Investment Group for $3.3 Billion

February 17, 2017

Willkie represented Morgan Stanley as financial advisor to Fortress.

On February 14, SoftBank Group Corp. and Fortress Investment Group LLC announced that they have entered into a definitive merger agreement under which SoftBank will acquire Fortress for approximately $3.3 billion in cash. Willkie represented Morgan Stanley & Co. LLC, which acted as financial advisor to Fortress, in connection with the transaction.

Fortress Investment Group LLC is a leading, highly diversified global investment firm with approximately $70.1 billion in assets under management.

Based in Japan, SoftBank Group is a global technology player comprising the holding company SoftBank Group Corp. and its global portfolio of companies, which includes advanced telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers.

The Willkie deal team was led by partners Gregory Astrachan and Laura Delanoy and included associates Caleb Vesey and Neesha Mallavarapu.