Fortress Investment Group Provides $100MM in Funding to ID.me

ID.me secured $100 million in debt financing from funds managed by affiliates of Fortress Investment Group and $20 million in revolving credit. This follows the company’s Series C round in March, securing $100 million in funding at a $1.5 billion valuation.

September 16, 2021 Andy Frank | Blake Hall | Fortress Investment Group | ID.me Ian Koplin

Netmarble, Kabam & Fortress Provide $350MM Equity & Debt Financing to Support Jam City Acquisition

Jam City, a mobile entertainment company, completed the acquisition of mobile game studio Ludia from Fremantle for $165 million. Jam City raised $350 million in equity and debt financing from Netmarble, Kabam and affiliates of funds managed by Fortress Investment Group.

September 9, 2021 Alex Thabet | Bank of America | Chris DeWolfe | CIT Bank | Fortress Investment Group | Ian Schnider | Jam City | JPMorgan | Ludia | Merrill Lynch | Netmarble | Silicon Valley Bank | Truist Securities Ian Koplin

Matrix Capital Markets Advises on Sale of Pester Marketing/Alta Convenience

Matrix Capital Markets Group, an independent investment bank, advised Pester Marketing Company d/b/a Alta Convenience on its sale to a joint venture entity between Fortress Investment Group and a subsidiary of Phillips 66 Company.

January 19, 2021 Alta Convenience | BrownWinick | Christopher Sackett | Fortress Investment Group | Jonathan Napier | Martin McElroy | Matrix Capital Markets Group | Monte McGilvray | Pester Marketing Company | Phillips 66 Company | Richard Spresser | Sam Youngblood | Sean Dooley | Spencer Cavalier Phil Neuffer

Fortress Provides $100MM Line of Credit to Covered Care

Global investment manager Fortress Investment Group provided a $100 million line of credit to Covered Care, a healthcare finance company.

November 12, 2020 Covered Care | Dominick Ruggiero | Fortress Investment Group | Ken Rees Ellie Delany

Fortress Investment, STORY3, Blue Torch Provide $275MM Term Loan to Land’s End

Land’s End secured a $275 million term loan with a lending group consisting of affiliates of Fortress Investment Group, STORY3 Credit Partners and Blue Torch Capital. In addition, maximum availability under Land’s End’s ABL facility was expanded to $275 million.

September 10, 2020 Blue Torch Capital | Fortress Investment Group | Jerome Griffith | Jim Gooch | JP Morgan | Lands' End | STORY3 Credit Partners Phil Neuffer

Wells Fargo Supports Fortress Acquisition of Majestic

Wells Fargo Capital Finance (UK) provided acquisition and working capital financing to funds managed by affiliates of Fortress Investment Group for the take private of Majestic Wine Warehouses – formerly part of Majestic Wine.

January 29, 2020 Fortress Investment Group | Majestic Wine Warehouse | Wells Fargo Capital Finance nadine

Fortress Investment Provides $20MM SuperCom Credit Facility

SuperCom secured a $20 million credit facility from funds managed by affiliates of Fortress Investment Group.

November 13, 2018 Fortress Investment Group | SuperCom Chelsea Kirtley

Fortress Holding the Bag as Theranos Dissolves

The Wall Street Journal reported scandal-ridden blood-testing firm Theranos will shut down. The company is working to negotiate a settlement with Fortress Investment Group, its chief creditor.

September 5, 2018 Fortress Investment Group | Theranos ABF Journal

Fortress Provides Up to $20MM Facility to iPass

iPass, a provider of global mobile connectivity, finalized a senior secured credit facility of up to $20 million from affiliates of funds managed by affiliates of Fortress Investment Group.

June 19, 2018 B. Riley | Fortress Investment Group | iPass Amanda Koprowski

Fortress Investment Group Acquired by SoftBank Group

SoftBank Group completed its acquisition of Fortress Investment Group for $3.3 billion in cash. Following the close, SBG and its wholly-owned subsidiaries own all outstanding Fortress shares.

December 28, 2017 Fortress Investment Group | SoftBank Group Amanda Koprowski