A Look at the Acquisition of Fortress Investment Group that has Left Many Questions Unanswered

In the investment industry, acquisitions are common. This is because investment firms are always looking for ways to grow and expand in a logical way. Acquisitions are more beneficial to the two parties involved. In a recent case, SoftBank acquired Fortress Investment Group in a deal worth $3.3 billion which became official in 2017. However, it is not clear to many people why a technology company like SoftBank which would be interested in an investment firm like fortress.

In a deeper look, this deal suits the two parties.SoftBank Group Completes Acquisition of Fortress Investment Group. This is clear when you look at their histories. SoftBank has always been looking for new areas to expand to. Hence, it has ventured into new areas in tech and that has seen it acquire over 500 tech companies. Fortress Investment Group has also been working to grow and expand to new areas. In the acquisition deal, it is clear that SoftBank has an intention of being the world’s largest investment firm.

Founded in 1981, Fortress Investment Group has always been open to change and in their expansion endeavors, they have always adapted easily to remain competitive. Today, the investment firm manages assets worth over $40 billion on behalf of over 1500 investors and clients worldwide.

SoftBank started its journey to look for an investment firm about two years ago. This was in line with its goal to become a global investment firm. It went ahead to put strategies in place which would help them facilitate important investment activities.

In the $3.3 billion acquisition deal, SoftBank now owns Fortress Investment Group wholly. However, Fortress will continue operating as normal. This deal is a game changer and it will definitely change the development direction SoftBank will take. The acquisition will help SoftBank forge forward easily towards its goals.

On the other hand, the deal went down well with Fortress Investment Group. It is claimed that it is in good terms with the fact that it is now not going to be traded publicly. According to Wes Edens, he is excited about the cause the firm has taken to be private. Wes Edens and his fellow co-chair believes that SoftBank is an outspoken company and under the able leadership of Masayoshi Son, it has really performed well in the market.

Meet the Renowned Investor and Successful Entrepreneur in Wall Street— Paul Mampilly

Paul Mampilly is an entrepreneur, investor and the Senior Editor of Banyan Hill Publishers. He also founded the newsletter Profits Unlimited with the aim to guide the subscribers into the primed stocks. In addition, he works as a manager for two trading companies, which include the True Momentum and Extreme Fortunes. He also writes weekly columns for the company’s newsletter, Winning Investor Daily. He got his MBA degree from Fordham University from where he began his career in the finance industry.

His Success Story in the Finance Sector

Mr Paul Mampilly is one of the biggest success stories exemplified in the investment world. When he moved from India to America at a young age, he started working hard in order to achieve what he wanted in life. He began his first financial career in 1991 when he started working with Banker’s Trust. By 2009, he was given various accolades for becoming the winner of Templeton Foundation Investment Competition. He took the first position for boosting the company’s assets from 50 million dollars to 88-million-dollar portfolio.

His Position at Banker’s Trust

Paul Mampilly was appointed the Banker’s Trust’s Assistant Portfolio Manager, starting his career from the finance sphere. After resigning from Banker’s Trust, he went on to manage vast amounts of dollars for Deutsche Bank’s health sector in New York. He also worked from the management sector for the significant financial portfolio at ING Group.

As an entrepreneur who spent a lot of time working in Wall Street, he managed to yield the most spectacular returns as a senior fund manager. Due to his impressive competence and skills, he has garnered credibility and respect, and he has been recognized as one of the most influential leaders and investors around the world. Paul Mampilly has also shared his knowledge and experience with a lot of people as a Financial Advisory Editor and Consultant at Bunyan Hill Publishing. Mr Paul Mampilly got his retirement at 42 years. He is currently featuring on CNBC, Bloomberg TV, Fox Business News, Kiplinger, Fox News and Reuters among others.

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Southridge Capital Values Customers

Southridge Capital provides advisory as well as structured finance services for public firms. It is committed to assisting its clients to meet their demands by offering a broad spectrum of revolutionary financial solutions.

 

Background

 

Southridge Capital boasts of owning an executive team with an in-depth understanding of how the market shifts from high to low points consecutively. It also prides itself in being a leading provider of customized financial services made to serve clients according to their needs. Today, the company has invested about $1.8 billion into the development of companies. With that said, the firm has also financed more than 200 public companies. This is because it is well versed with the different concerns clients have when it comes to investment and wealth creation. Other than that, the investment firm has the required expertise to offer financial consultation services on corporate issues.

 

Services

 

Under the guidance of Southridge Capital, clients have received different services including financial analysis and detailed financial designs alongside projected financial statements. The management is also familiar with the benefits of offering balance sheet services to clients. As such, Southridge Capital has become a force to reckon with in the sector of finance.

 

Stephen Hicks

 

With that said, it is crucial to acknowledge the man behind the foundation of the firm. Ideamensch recently interviewed Mr. Stephen Hicks. He is the CEO of the company and oversees overall strategic management. He is also responsible for execution. Having started the company in 1996, Hicks is well versed with the leadership requirements of the firm and has contributed to its development. He has been active in investment management for more than 30 years. You can visit bizjournals.com

 

 

Overview

 

Stephen Hicks has vast expertise in investment and banking. He utilizes his skills in the two areas by helping clients achieve their investment goals. For education, he attended King’s College and Fordham University where he majored in business administration and MBA respectively. It was after graduating that he started working in a boutique hedge fund where he garnered his first experience before heading to Australia to form his firm. Today, he speaks of his major success story having started the business from scratch.

 

 

Click here: https://www.bloomberg.com/profiles/companies/279523Z:US-southridge-capital-management-llc

 

Can Sahm Adrangi Put up with David Zalik in the Credit Industry

Sahm Adrangi is a familiar name in the financial sector due to his immense contribution to the sector. He founded a hedge fund that has attracted a series of investors who are looking to multiply their assets. Despite his achievements, one cannot help but wonder whether he will put up with David Zalik. To begin with, Zalik neither graduated from high school nor college. Nevertheless, he has co-founded one of the greatest empires in the credit industry.

Unlike Sahm Adrangi who relies on the capital investments made by potential investors, Zalik is the middleman of Americans. He is the CEO of GreenSky Credit, a company that provides affordable and favorable financial options to the home renovators.

GreenSky Credit features a financial technology that links about 14 banks in America with tens of thousands of merchants. The merchants then provide loans to the customers get for better service acquisition. Zalik saw this as a great opportunity because he incurs no risk yet benefits from both sides of the transaction. Additionally, GreenSky takes control of the transaction at a 6 percent cost on the part of the merchants and 1 percent on the banks side.

With such a strategy, David Zalik is surely bound to be one of the top billionaires in the world. Even Sahm Adrangi would like a business that allows him to get profits from both sides.

The success of GreenSky Credit has lifted David Zalik into the list of top American billionaires. This is fueled by the fact that he owns over half of the credit company.

Zalik figured that contractors who renovate homes are the best selling point for the product. As such, you will find the personnel at GreenSky’s offices trying to pitch the idea of GreenSky mobile App to contractors and demonstrating how it can improve their business. When the contractors get customers who have limited financial abilities, they direct them to the company’s services. The contractor will then use the customer’s identification to help in loan acquisition.

Although GreenSky Credit does not offer similar services to Sahm Adrangi, investors seem to be enjoying a better deal since its inception.

https://www.greenskycredit.com/

Fortress under the leadership of Randal Nardone

Randal Nardone is a successful businessman and a co-founder of Fortress Investment Groups; which is among the largest companies specializing in matters dealing with alternative asset management. He holds a doctor of jurisprudence from Boston University School of law and a Bachelor of Arts degree in biology and English from the University of Connecticut.Mr. Randal Nardone has been a principal of Fortress Investments Group since its founding in 1998 and a chief executive officer since August 2013 to present. He also serves as president and the chairman of Springleaf Financial Holdings LLC and as a vice president of Newcastle investment holdings LLC. Before he became the Chief Executive Officer of Fortress Investment Groups, he was working as a chief operating officer of this company, a position he acquired in May 1999.

Mr. Randal Nardone was working as a board member of Thacher Proffitt & wood. Then joined BlackRock and headed it for two years. He later moved to USB as its managing director before he co-founded Fortress Investment Groups. Fortress Investment Group is a significant employer with about 953 employees. Most Employees enjoy working at Fortress with most saying that they get reasonable compensation, others state that they are not overworked while a remarkable number of employees feel that Fortress is an excellent place to work, grow and to get real benefits. Research shows that the company recognizes hard-working employees. Fortress has rich human capital from whom interns can learn from.

Most of the employees also claim the company that exposes them to fundamental financial knowledge. Additionally, they are happy working in this company because of its outstanding leadership.In December 2017 Softbank Group Corp. exhausted the dealings in the acquisition of Fortress Investment Group. However, the formal approval by stakeholder had been done months before. Softbank incurred around $3.3 billion to conclude the purchase of all class A shares of stock and therefore becoming the major shareholder. However, Fortress would proceed with its operation independently and also maintain its managerial leadership, brand, and culture. Moreover, the company was to continue its service in New York. Randal Nardone feels that the acquisition would open up possibilities to try new ideas and hence more opportunities for them.

MICHAEL BURWELL LEADERSHIP ACHIEVEMENTS

Michael Burwell became the CFO of Willis Towers Watson in 2017 after Roger Millay retired on 2nd October 2017. Willis Towers Watson is a company that deals with broking, advisory and offering solutions globally helping clients turn risks into precious growth. Having begun in 1828, it has 40,000 employees and is suited to the world in over 140 countries. Its unique perception allows them to find the critical connections between ideas, assets and talent and turn them into successful businesses.

 

He spent 31 years in his profession at Pricewaterhouse Coopers before joining Willis Towers Watson. For 11 years he worked on some audit clients in assurance practice and transaction advisory of services for 12 years. He was then invited to a partnership that led to the growth of PwC’s Detroit that specialized in the practice of transaction services. His success in Detroit had him appointed to lead the central region of PwC and consequently the lead of Transaction Services in the US. He became the CFO in 2007 and was later named the CFO heading all PwC businesses in the US. He became U.S. and Global Transformation Vice Chairman in 2012. In this position, he changed his role to improve the effectiveness of organizations in overseeing a large group of functions internally including, Technology, Sourcing of Global Strategies, Human Capital and Finance. He has also been a senior partner of relationship with numerous clients during his term including helping companies with pre-merger due valuation and diligence. He got his BA Business Administration from the State University of Michigan.

 

Michael Burwell’s previous experience and expertise were highly regarded to after his appointment as CFO of Willis Towers Watson. The company’s CEO, John Haley said that the company was excited that Michael Burwell had joined their leadership team during a time when it was going through an evolution. He would continue with Roger’s great leadership that would lead to the company’s future success.

 

He added that that role was best fit for him since he understood leading, managing and pushing towards results in a global and complex company strongly focusing on their clients. His expertise in transactions, transformations and finance would help the company achieve their remaining efforts in integration and push their continued growth hence achieve their full potential as a company. Get Additional Information Here.

 

Appreciating the opportunity, he stated that he had been impressed by the company’s leadership strength, commitment to its clients and its inclusive and collaborative culture. He was determined to lead the company through excellent success upon his capability.

 

Visit: https://www.michaelburwellpoet.com/about

Michael Burwell: Happy to Have Help

A company or business can be a very large and tedious responsibility to handle. On top of that they are large investments that can either change someone’s life for the good or the bad. One misstep can be the difference in success or failure. That’s why it is good to have reliable sources to help out in the process. These days we have people and companies that are solely based on providing the best aid possible for a budding company. Michael Burwell is one of the people who can be placed in this category.

 

Michael Burwell is an expert in the field of advising. He has an accounting degree from Michigan State University. Michael Burwell at this point is a veteran and has helmed many chairs in companies and has built the experience needed to maneuver different industries and positions. Just under the company Pricewaterhousecoopers alone he held the positions of Vice Chairman/Global leader, Central Region leader, Leader of U.S. Transformation, and Leader of U.S. Transactions. Overall, he has 31 years of finance experience with this company. Additionally, he has 11 years expertise in auditing and 12 years of Transaction Services advisor.

 

Burwell’s experience is impeccable and that is what lead him to his newest position which will see him continuing his craft of guiding those in need.

 

Willis Towers Watson just added Burwell as their Chief Financial Officer. This company is dedicated to the same cause as Burwell and that is to global advisory, broking, and finding solutions. This company is massive with over 40,000 employees that advise clients in over 140 countries. The company in particular designs and implement solutions for companies that manage risks, maximize benefits, cultivate talent, weigh assets, and ideas. The members of this company are ecstatic to have Michael Burwell aboard as John Haley the current chief Executive Officer said, “We are excited to have Mike join our leadership team at an important point in our company’s evolution.” It looks like Michael Burwell has found a new home that can facilitate what he does and amplify its effects. Many companies and people are surely happy that they will receive the guidance that they need.

 

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Michael Burwell: Highly Qualified For The Job

Michael Burwell’s immense experience in the financial arena has led to his new position as Chief Financial Officer for the prestigious advisory, broking, and solutions company, Willis Towers Watson. He replaced the Chief Financial Officer Roger Millay who retired willingly on October 2, 2017. John Haley, CEO of Willis Towers Watson has great confidence in Burwell’s abilities, and is excited to have him join their team. Mr. Haley is secure in his decision due to Michael’s leadership and tactful skills in mergers and acquisitions, portfolio management, and financial analysis to name a few. This assures Mr. Haley that positive results will occur within this complex global company. The expertise Burwell holds in the areas of finance, transactions, and transformation will contribute to the growth of Willis Towers Watson.

In 1986, Michael Burwell earned a Bachelor of Arts in Business Administration from Michigan State University. He began his career as a Certified Public Accountant. Michael worked at Price Water House (PwC) for 31 years. For 11 years, he audited clients. Burwell began to move up the ranks as he became partner for the Detroit based transaction services division. Success continued to follow Burwell. He was promoted to the position of U.S. Transaction Services Leader in PwC‘s central region.

The role of Chief Financial Officer came in 2007 for Burwell, and in 2008 he became their Chief Operating Officer. In 2012, Michael played a pivotal role for PwC as Vice Chairman of Global and U.S. Transformation. He was a spearhead for change within this executive position. Under his direction, a cohesiveness ensued which initiated an effective output of work among a diverse group. The divisions involved included Human Capital, Finance, Technology, and Global Strategic Sourcing. Michael served as the senior relationship partner during his time at PwC as well. Refer to This Article for related information.

Michael Burwell’s extensive career has equipped him for the position of CFO. He is honored to accept this role in such a formidable company. He has expressed his enthusiasm to become part of a company that maintains the standards of leadership, and a commitment to its’ clients. The environment is inclusive of all cultures, and Michael is proud to be a part of the Willis Towers Watson team.

 

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Wills Tower Watson Hires New CFO

Willis Towers Watson is a very important company that continues to provide valuable brokerage and advisory services to its clients that are located all over the year. The publicly traded company is very well known for not only providing great services to its clients, but also for always hiring some of the top talent in the world to ensure they are able to continue to grow in the right manner. Earlier this year, Willis Towers Watson has continued to develop its company by hiring a new CFO to continue to help lead the organization.

 

Similar to other major hires in the past, Willis Towers Watson went through a long process of trying to find the perfect CFO for the organization. Ultimately, Willis Towers Watson decided to hire Michael Burwell. Michael Burwell was able to transition into the role for a few months before the prior CFO decided to retire from the business world.

 

Michael Burwell was a very experienced professional that was already very familiar with the organization. Michael Burwell has more than 30 years of public accounting experience when he worked for PWC. While working for the firm, Michael Burwell had a number of different major and prominent roles including being the COO and CFO of the United States office and providing a number of consulting and audit services. Beyond providing these senior leadership roles, the organization also provides a lot of audit and treasury management services.

 

Overall, the company is very excited about being able to hire Michael Burwell to the team. While they will be sad to lose the existing CFO, being able to find a replacement with the amount of experience and track record that Michael Burwell brings to the table is very hard to do. Once he joins the company, Michael Burwell will continue to help to guide the financial side of the business as the organization continues to build for the future.

 

Willis Tower Watson has been a very successful firm for more than 100 years. While it started out as a small family office firm in the mid-1800s, the continued growth and development has been very impressive. Today, the organization has more than 40,000 employees that help to service its clients that are located in more than 100 countries across the world. The company has continued to be very revolutionary when it comes to the advisory services that it can help to provide. Click Here for additional information.

 

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Michael Burwell Continues Taking All Challenges

Michael Burwell has seen nearly everything in his career. A Certified Public Accountant (CPA), he earned that distinction after graduating with a Bachelor’s in Business Administration from Michigan State University in 1986. That same year he joined Princewaterhouse Coopers (PwC) in Detroit, working in the Quality Assurance department. The next 31 years Burwell would prove to be a vital asset to the company.

 

For over 10 years, Burwell sharpened his skills as an accountant with the company, serving as an auditor for PwC clients. After a flawless record, in 1997 he was named as the head of the Detroit-based Transaction Services with PwC. He served in that role for four years and was promote in 2001 to be the Midwest Leader in Transaction Services. Another four years of success brought Michael yet another promotion, being named to lead the entire United States Transaction Services division in 2005.

 

2008 saw Michael promoted to an Executive position with the company, as Chief Financial Officer (CFO), and he was given the additional title of Chief Operation Officer (COO) just a year later. There was little doubt where the next step would take Burwell. In 2012, the company named him the Global and U.S. Transformation Leader and he was finally named a Partner with the firm in 2016. He served in that role until October of 2017, when he final announced his retirement from the company. Go To This Page to learn more.

 

Pricewaterhouse Coopers would not have had the success it had without the tireless efforts of Mr. Burwell and he looked forward to his next endeavor. After leaving PwC, Michael accepted the position of CFO with Willis Towers Watson (WTW). WTW is publicly trade global advisor and broking company headquartered in Overland Park, Kansas. The company has over 39,000 employees in over 120 countries, making it the premier advising group in the world. The global giant can trace its roots all the way back to 1828. John Haley, Chief Executive Officer (CEO) of WTW said of Burwell’s hiring, in part, “I am confident that his expertise in finance, transactions and transformation.”

 

 

Michael Burwell continues to serve his hometown community as well and is currently on the board of director of the Sacred Heart Rehabilitation Center in Detroit. He looks forward to the work he has ahead of him at WTW, as he continues to invite new challenges.

 

Check out his profile on: https://www.linkedin.com/in/michael-burwell-64b582