Acquisitions occur in the business world annually. Sometimes, to clients, these acquisitions make little or no sense. However, to the parties taking part in the exchange, these transactions offer them a lot of value. The acquisition undertaken by SoftBank was one of the latest. The company purchased Fortress Investment for $3.3 billion. FIG’s shareholders approved the deal in July 2017, and it became official in December that year.
When SoftBank was founded in 1981, it sold PC software. However, years later, the firm started buying stocks in other companies. Today, the firm has shares in hundreds of other companies providing different services. With its latest purchase of FIG, the firm seeks to become one of the world’s biggest and successful investment firms. Check out Bloomberg.com to read more about Peter Briger.
FIG has shown its passion in the investment industry and aims at remaining at the top of the game. Under its Principle Peter Briger, FIG has performed successfully in the real estate, hedge funds markets, and private equity investments and continues to show signs of performing well in the future. At the moment, Fortress Investment Group manages assets worth more than $40 billion around the world. Despite its acquisition, FIG will carry on with its operations in the same way as it did before.
Even though the acquisition talks began months before the purchase took place, SoftBank’s plans to buy a company began two years before sealing the deal with FIG. SoftBank was hunting for a company that would help it become an international investment firm. Because of this, SoftBank’s investors required an institutionalized structure that would foresee important investment activities like trading and compliance among others.
SoftBank spent $3.3 billion on FIG’s purchase. The firm now owns 100% of Fortress’ outstanding shares. However, FIG will continue with its operations with no interference from SoftBank. Also, the company will keep its principles like Wes Edens and the Principle and Board of Directors, Peter Briger. Issuing their statement after the purchase, Wes Edens and Peter Briger said that the acquisition would not help SoftBank attain its goals. Peter Briger added that the purchase would offer more benefits to the private equity company and industry.
One of the oldest professional organizations in the United States is the American Institute of Architects, founded in 1857. In the United States, once an architect receives his or her license, he or she will be automatically registered as a member of the organization. The professional architects practicing in the United States must be a member of the organization so that their professional network would broaden, and they will be monitored for any ethical breaches that could lead to their licenses being revoked. The current headquarters of the American Institute of Architects can be found in the city of Washington D.C., and they are actively participating in information dissemination about what the architect does and how they are helping the society. The overall operations of the American Institute of Architects are overseen by their leader, Robert Ivy, who is also serving as the organization’s vice president and CEO. Robert Ivy was chosen to lead the organization in 2011, and because of his desire to help the American architects, he wholeheartedly accepted the role of leading the organization.
The leader of the American Institute of Architects graduated from two schools, and Robert Ivy is proud of his achievement being the class cum laude when he took up BA in English. He got his Master of Architecture degree at the Tulane University, and after taking his oath as an architect, he decided to look for a job. Robert Ivy worked in so many jobs, but one stood out among the rest – when he became an editor in chief for the publication entitled “Architectural Record”. This publication is among the most widely-known architecture related journal which has hundreds of thousands of readership worldwide. He used his skills in writing to reach more people, and enlighten the public about the life of an architect.
Despite his busy schedule as an editor in chief, Robert Ivy still has the time to practice his profession. He accepts architectural contracts, and through years of practice, his works were considered as one of the best in the United States. His skills and knowledge in the profession contributed to his chance of becoming the head of the American Institute of Architects, and because the members of the organization have seen his worth, they unanimously chose him to lead. Today, the American Institute of Architects keeps on delivering its promise of promoting architecture to the American public, and they also doubles as an institution which helps architects who are in need.