Fortress Investment Group
American investment management firm
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November 2024 | Fortress seized control of cinema chain Curzon for $5 million as part of a foreclosure auction against properties owned by businessman Charles Cohen. |
May 15 2024 | Mubadala and Fortress management completed the purchase of the company, with Mubadala acquiring a 70% stake and Fortress management retaining a 30% stake. |
May 10 2024 | Financial Times reported that Mubadala Capital's $3 billion bid for Fortress Investment Group cleared a significant U.S. regulatory hurdle after agreeing to important concessions with CFIUS. |
April 2024 | Fortress purchased the UK discount retailer Poundstretcher, which included its 60-store sister chain Bargain Buys. |
May 2023 | Mubadala Investment Company agrees to acquire a majority stake in Fortress from SoftBank for an undisclosed sum. |
2021 | Fortress failed in a takeover bid for UK supermarket chain Morrisons. |
2020 | Fortress Investment increased its bid for Japanese company Unizo to approximately $1.6 billion. |
March 2020 | After the patent lawsuit, Fortress offered a royalty-free license for its technology to be used in COVID-19 tests, including to the defendants and other potential users. |
March 9 2020 | An LLC owned by Fortress Investment Group's funds filed a patent infringement lawsuit against BioFire through its Labrador Diagnostics subsidiary, alleging violations of patents previously owned by Theranos. |
March 3 2020 | The Wall Street Journal published an article revealing that bioMérieux was working on two diagnostic tests for COVID-19. |
2019 | VLSI Technology LLC, a Fortress portfolio company, filed lawsuits against Intel, alleging patent infringement of SpeedStep technology originally introduced in 2005. The company obtained two jury verdicts against Intel totaling over $3 billion. |
2019 | Fortress-managed funds acquired telecommunications patents originally filed by Panasonic, which were then assigned to INVT SPE LLC after acquisition of assets from Inventergy Global, Inc. |
2017 | Florida East Coast Railway was sold to Mexican transportation company GMéxico Transportes S.A. de C.V. |
December 2017 | Fortress Investment Group loaned $100 million to the medical startup Theranos to keep them solvent through 2018. |
December 2017 | SoftBank Group fully acquires Fortress Investment Group, delisting the company and returning it to private ownership. |
February 14 2017 | SoftBank Group agreed to acquire Fortress Investment Group LLC for $3.3 billion. |
2014 | Fortress was named 'Hedge Fund Manager of the Year' by Institutional Investor and 'Management Firm of the Year' by HFMWeek. |
October 2014 | Fortress purchased the Inverness Corners retail center. |
May 2014 | Fortress completed the purchase of the Montreal, Maine and Atlantic Railway for US$15.85 million, rebranding it as the Central Maine and Quebec Railway. |
January 2014 | Fortress was the winning bidder for the assets of the Montreal, Maine and Atlantic Railway, which was bankrupted after the Lac-Mégantic derailment. |
2010 | Fortress Investment Group became the owner of the Vancouver Olympic Village after the Winter Olympics. |
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