Peter Briger, a principal of Fortress Investment Group, knows that acquisitions are usually a common thing. Investment firms can easily acquire investment firms. The big guy usually seeks out to purchase the small guy. Make sense? Although Fortress Investment Group wasn’t really a small guy, they were acquired by SoftBank for $3.3 billion. Although on the outside it doesn’t seem to make a lot of sense, consider that for those involved in the transaction it did make sense. Let’s take a look at why this is so.
In July 2017, shareholders from Fortress Investment Group agrees to sell the firm. Making it final in December of 2017, and discussions were flying about why a big tech bank would want to purchase this investment firm. Peter Briger knows it’s all about the story behind each party, and not what you see on the surface. This is why it does pay to learn more about each firms history, and how they evolved over time. Meet Pete Briger: A Titan in the Investment and Finance World.
Peter Briger, is quite familiar with the idea of rebranding, as well as dipping his toe into new waters. Based out of San Fransisco, he is exposed to numerous options and watching tech startups. SoftBank was initially working as a wholesaler of PC software. Currently, the bank claims stakes in more than 400 tech companies, from internet providers to other technologies revolving around telecommunications. Peter Briger has watched SoftBank thrive over the years under the watchful eye of Masayoshi Son. It’s no surprise that with the smart decisions he has made in the past, that he would want to acquire a private equity investment firm that manages more than $180 billion in assets. That’s a large number for a firm that has only one branch operating at the present time. With a focus on technology for the future, this investment firm would have perhaps began acquisitions within this field anyhow.
For details: www.skypetroleum.com/peter-l-briger