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