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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