Florida High-Speed Rail: Brightline Refinances Debt: Brightline, the first new US private passenger railroad in more than a century, is betting it can lure more ...
bloomberg.com/news/articles/2024-04-18/fortress-backed-brightline-asks-investors-to-bet-on-florida-rail
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The fashion blogger said yes to the dress that she saw at The Loft in Hong Kong! 👰♀️
Congratulations again #LaureenUy and Miggy Cruz! ❤️
FULL STORY: www.cosmo.ph/entertainment/laureen-uy-miggy-cruz-wedding-a5322-20240409
Global investment firm Fortress hooks Bass Pro Shops in San Antonio: The store, which was built in 2006, has been acquired by Fortress Investment Group of New ...
expressnews.com/business/article/bass-pro-rim-fortress-starwood-19416204.php
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Poundstretcher sold to Majestic Wine owner Fortress: US investment firm snaps up UK discount retail chain ‘with huge potential’ for undisclosed sum
theguardian.com/business/2024/apr/11/poundstretcher-sold-to-majestic-wine-owner-fortress
Billionaire businessman joins Aston Villa board: The chief executive of a US investment firm has joined Villa’s board of directors days after buying a stake in ...
expressandstar.com/sport/football/aston-villa/2024/04/17/billionaire-businessman-joins-aston-villa-board/
New owner of Leicester company says 'no job cuts' on horizon: The budget retailer has being sold to the owner of Majestic Wine and Punch Pubs
leicestermercury.co.uk/news/local-news/new-owner-leicester-company-poundstretcher-9220544
Exclusive: Macy's opens its books in company sale talks: Macy's Inc told Reuters on Tuesday that it will open its books to Arkhouse and Brigade Capital ...
reuters.com/business/retail-consumer/macys-opens-its-books-company-sale-talks-sources-say-2024-03-19/
Fortress Co-CEO Sees CRE Stress Leading to More Bank Failures: More US banks will fail as the commercial real estate crash begins to work its way through to ...
bloomberg.com/news/articles/2024-02-23/fortress-co-ceo-sees-cre-stress-leading-to-more-bank-failures
Vice to layoff hundreds of staff - UPI.com: Vice Media has announced plans to lay off several hundred of its 900 employees and stop publishing content on Vice ...
upi.com/Top_News/US/2024/02/23/Vice-to-layoff-hundreds-of-staff/1981708666201/
‘The Investment Firms Leave Behind a Barren Wasteland’: A journalism professor blames Wall Street for the newspaper industry’s collapse.
politico.com/news/magazine/2024/02/18/is-wall-street-to-blame-for-the-collapse-of-newspapers-00141920
Brown University, BTG Pactual Said to Near Fortress Investment: Brown University and Brazil’s BTG Pactual are in advanced talks to invest in Fortress Investment ...
bloomberg.com/news/articles/2024-03-27/brown-university-btg-pactual-said-to-near-fortress-investment
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Student housing pioneer faces angry investors, irate judges and a $115 million bill
sltrib.com/news/nation-world/2024/03/20/student-housing-pioneer-faces/
Majestic Wine raises glass to purchase of stricken chain Vagabond : Majestic, which was bought by Fortress Investment Group in 2019, is in advanced discussions ...
news.sky.com/story/majestic-wines-raises-glass-to-purchase-of-stricken-chain-vagabond-13098016
Macy’s rejected their first offer. Now 2 investors have raised their takeover bid to $6.6 billion
qz.com/macys-buyout-bid-arkhouse-brigade-1851304716
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Billionaire Claure forges new empire after WeWork collapse: Marcelo Claure is shaping his own investment empire after the pandemic dealt the final blow to the ...
batimes.com.ar/news/economy/billionaire-claure-forges-new-empire-after-wework-collapse.phtml
SoftBank Veteran Entrusted With Saudi, UAE Billions Readies Second Act: Rajeev Misra, a rare outsider entrusted with the Middle East’s billions ...
bloomberg.com/news/articles/2024-01-24/softbank-veteran-entrusted-with-saudi-uae-billions-readies-second-act
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Fortress-Backed Las Vegas High-Speed Rail Project Secures Federal Funding: The proposed $12 billion high-speed rail project backed by Fortress Investment Group ...
bloomberg.com/news/articles/2023-12-05/fortress-las-vegas-rail-secures-3-billion-in-federal-funding
Quick Glance: New High-Speed Rail Set to Revolutionize SoCal-Vegas Connection
- New high-speed rail Brightline West set to become fastest in the U.S.
- $3 billion federal grant awarded to high-speed rail project linking Inland Empire and Las Vegas, expected to open by 2028.
- Brightline secures grant for high-speed rail construction in Southern California.
- Biden administration leading the way for high-speed rail projects in the U.S.
Grindr Working With JPMorgan to Refinance Fortress-Led Term Loan
bloomberg.com/news/articles/2023-11-06/grindr-working-with-jpmorgan-to-refinance-fortress-led-term-loan
Fortress Has Plowed $6 Billion Into Other Companies’ Lawsuits: Fortress Investment Group LLC is pitching an investment opportunity within an increasingly popular ...
bloomberg.com/news/articles/2023-10-19/fortress-has-plowed-6-billion-into-other-companies-lawsuits
Florida's $5 billion Brightline is just the start of US investment in high-speed rail
qz.com/florida-brightline-us-investment-high-speed-rail-1850861017
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Fortress Approached Whitestone REIT About a Takeover, Only to Be Rebuffed: Fortress Investment Group has approached retail landlord Whitestone REIT about a ...
bloomberg.com/news/articles/2023-10-26/fortress-said-to-approach-whitestone-reit-with-takeover-offer
Fortress Targets $8 Billion Fund to Invest in Distressed Debt, Structed Credit: Fortress Investment Group is targeting as much as $8 billion for its latest ...
bloomberg.com/news/articles/2023-10-25/fortress-targets-8-billion-fundraise-for-credit-opportunities
Morgan Stanley sued for $750 mln by lenders to rail line, who claim fraud: Morgan Stanley (MS.N) was sued on Monday for at least $750 million by private equity ...
reuters.com/legal/morgan-stanley-sued-750-mln-by-lenders-rail-line-who-claim-fraud-2023-09-18/
Fortress to invest $40m in renovations for Sogo & Seibu outlets: TOKYO -- Rehabilitation plans for Sogo & Seibu will focus on store renovations ...
asia.nikkei.com/Business/Retail/Fortress-to-invest-40m-in-renovations-for-Sogo-Seibu-outlets
Sogo & Seibu Strike Shuts Tokyo Store Ahead of Seven & I Deal to Fortress: The flagship Sogo & Seibu Co. store in central Tokyo shut on Thursday as employees ...
bloomberg.com/news/articles/2023-08-31/sogo-seibu-strike-shuts-tokyo-store-ahead-of-seven-i-deal
Quick Glance: Strike at Japanese Department Store Over Planned Sale
- 900 workers at the Seibu department store in Tokyo are on strike protesting the planned sale of their company Sogo & Seibu.
- This strike is the first of its kind at a major Japanese department store in 61 years.
- The workers are protesting the sale to U.S. fund Fortress Investment Group.
- The strike comes amid a tight labor market where major companies have seen the biggest wage increases in three decades.
Fortress to sell Sogo & Seibu assets to Japan retailer for $2bn: TOKYO -- U.S.-based Fortress Investment Group will sell assets from Sogo & Seibu ...
asia.nikkei.com/Business/Business-deals/Fortress-to-sell-Sogo-Seibu-assets-to-Japan-retailer-for-2bn
Japan department store braces for rare strike as U.S. buyout nears: TOKYO -- A union representing department store workers in Japan plans to tell management on ...
asia.nikkei.com/Business/Retail/Japan-department-store-braces-for-rare-strike-as-U.S.-buyout-nears
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Seven & i sells department stores to Fortress for estimated $600,000: TOKYO -- Japan's Seven & i Holdings said Friday that it has completed the sale of ...
asia.nikkei.com/Business/Business-deals/Seven-i-sells-department-stores-to-Fortress-for-estimated-600-000
25 Wall Street rising stars and executives at firms like Blackstone, Citadel: From influencing how the world's biggest hedge fund invests to helping Fortune 500 ...
businessinsider.com/top-wall-street-executives-and-rising-stars-investing-trading-dealmaking-2023
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Seven & i to protect Japan department store's jobs after buyout: TOKYO -- Japanese retailer Seven & i Holdings plans to keep the roughly 5 ...
asia.nikkei.com/Business/Retail/Seven-i-to-protect-Japan-department-store-s-jobs-after-buyout
Seven & i department store unit union threatens to strike over Fortress deal: A labour union at Seven & i Holdings' (3382.T) department store unit Sogo & Seibu ...
reuters.com/business/retail-consumer/seven-i-department-store-unit-union-announce-strike-nhk-2023-08-28/
Morgan Stanley sued for $750 million by private equity firms claiming fraud: Morgan Stanley said in a statement, "The Firm does not believe the claims have merit ...
business-standard.com/world-news/morgan-stanley-sued-for-750-million-by-private-equity-firms-claiming-fraud-123091900099_1.html
Fortress-Backed Brightline Rail Starts Orlando-to-Miami Service Next Week: Orlando transit riders will finally get the chance to zip over to Miami or West Palm ...
bloomberg.com/news/articles/2023-09-13/fortress-backed-rail-starts-orlando-to-miami-service-next-week
Private lender Blue Owl eyes more Middle East money with plans for new Dubai office
english.alarabiya.net/business/economy/2023/09/13/Private-lender-Blue-Owl-eyes-more-Middle-East-money-with-plans-for-new-Dubai-office
Japan’s Sogo & Seibu department stores are being sold to a US fund as 900 workers go on strike
seattletimes.com/business/japans-sogo-seibu-department-stores-are-being-sold-to-a-us-fund-as-900-workers-go-on-strike/
US security officials scrutinise Mubadala's $3 bln Fortress takeover - FT: U.S. national security officials are scrutinising Abu Dhabi sovereign investor ...
reuters.com/markets/deals/us-security-officials-scrutinise-mubadalas-3-bln-fortress-takeover-ft-2023-07-25/
Through The Green: Fast-Growing Korean Private Equity Firm Takes A Big Swing At Golf
forbes.com/sites/johnkang/2023/07/14/through-the-green-fast-growing-korean-private-equity-firm-takes-a-big-swing-at-golf/
US Security Officials Reviewing Mubadala Fortress Deal, FT Says: The Committee on Foreign Investment in the US is reviewing Mubadala Investment Co ...
bloomberg.com/news/articles/2023-07-25/us-security-officials-reviewing-mubadala-fortress-deal-ft-says
Fortress Investment Group Set to Acquire Vice Out of Bankruptcy: The company was part of a group of bidders that offered $225 million to acquire the bankrupt ...
nytimes.com/2023/06/22/business/fortress-vice-bankruptcy.html
Florida's Brightline High-Speed Train Bonds Boosted by New Wealth: Wealth and Wall Street have swept into South Florida the last several years ...
bloomberg.com/news/articles/2023-07-27/florida-s-wealth-flood-spurs-high-speed-train-bonds-past-peers
UAE investment in US under review over China ties: Report: Due to national security concerns, the US is reviewing a plan by Abu Dhabi's Mubadala to take ...
middleeasteye.net/news/uae-investment-us-under-review-over-china-ties-report
Shane Smith Has a Secret Multimillion-Dollar Vice Deal: Co-founder Shane Smith’s quiet current role as Vice’s big dealmaker means he is unlikely to leave anytime ...
nymag.com/intelligencer/2023/07/shane-smith-has-a-secret-multi-million-dollar-vice-deal.html
Shane Smith Has a Secret Multimillion-Dollar Vice Deal: Co-founder Shane Smith’s quiet current role as Vice’s big dealmaker means he is unlikely to leave anytime ...
nymag.com/intelligencer/2023/07/shane-smith-has-a-secret-multi-million-dollar-vice-deal.html
Another modular homes company goes into administration, citing inflation and planning issues
constructionnews.co.uk/financial/administrations/ilke-homes-enters-administration-with-around-1000-staff-facing-axe-30-06-2023/
Europe’s Repeat Debt Restructurers are Distressed Again: Rising rates send companies looking for new ways to tackle debts
bloomberg.com/news/newsletters/2023-06-23/codere-lecta-restructure-again-after-distress-from-rising-rates
SoftBank Sells Fortress Stake to Mubadala, Management Team: Abu Dhabi sovereign wealth fund Mubadala Investment Co. and Fortress Investment Group agreed to buy ...
bloomberg.com/news/articles/2023-05-22/mubadala-fortress-management-buy-us-asset-manager-from-softbank
Vice Media Files for Bankruptcy: Vice, which had wooed media giants, has struggled to adjust to the punishing realities of digital publishing ...
nytimes.com/2023/05/15/business/media/vice-bankruptcy.html
Quick Glance: Vice Media seeks bankruptcy protection
- Vice Media, formerly a rising star in the digital news media world, announced on Monday that it has filed for bankruptcy protection under Chapter 11 to facilitate its sale.
- The company, which targets millennials and is known for its edgy news and lifestyle content, faced difficulties as advertising revenues shrank.
- In 2017, Vice Media was valued at $5.7 billion -- exceeding the market capitalization of The New York Times at the time.
- Despite the bankruptcy filing, Vice Group confirmed that all of its media brands will continue to produce content.
TPG pushes into credit investing with $2.7bn deal for Angelo Gordon: Buyout group will pay $970mn in cash but predominantly use stock to complete the acquisition
ft.com/content/c2300542-27fd-4110-80c8-2d13f4138215
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Vice Media files for Chapter 11 bankruptcy: It marks a significant fall from grace from what was one of the most highly-valued media startups.
axios.com/2023/05/15/vice-media-files-for-chapter-11-bankruptcy
The fall of Vice: private equity’s ill-fated bet on media’s future: The evaporation of TPG’s $450mn investment shows what can happen when Wall Street collides ...
ft.com/content/b8010767-8fe8-4ec0-aa40-676440b90f8d
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Vice Media preparing to file for bankruptcy: The once high-flying media venture is now trying to sell itself from under a mountain of debt.
axios.com/2023/05/02/vice-media-preparing-bankruptcy
SoftBank halved its loss last year, but only because it sold a chunk of its Alibaba stake
qz.com/softbank-vision-fund-loss-alibaba-stake-sale-1850427482
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SoftBank Vision funds post record $39bn annual loss: Tech conglomerate in ‘defence mode’ as it halts new investments and sells down Alibaba stake
ft.com/content/1dd470c2-be80-4887-83cc-87be93100a12
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Vice Media weighs bankruptcy after laying off staff: Vice is preparing to file for bankruptcy, capping the fall of a industry darling that attracted investment ...
financialpost.com/news/vice-media-weighs-bankruptcy
Vice Media Headed For Bankruptcy, Seeks Buyer: Report: Five companies are reportedly interested in purchasing Vice in the event of its bankruptcy.
ndtv.com/world-news/vice-media-heading-for-bankruptcy-seeks-buyer-report-3996756
Quick Glance: Vice Media Group on the Verge of Bankruptcy
- It's not just banks in the United States. That is a problem.
- According to a New York Times story, the American media company Vice is on the verge of bankruptcy.
- This news has sent shockwaves across the American media.
Global funds eye entry into Indian private credit space: Global investor Fortress Investment Group, US-based HPS Partners, Qatar-based Power International ...
financialexpress.com/industry/global-funds-eye-entry-into-indian-private-credit-space/3110760/
SoftBank’s long-term debt rating cut deeper into junk status by S&P Global: Rating agency warns of higher asset risk following huge sale of Japanese group’s ...
ft.com/content/ddce56d7-b06a-43ea-a767-75aa567eebe9
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Eugene Register-Guard languishes under Gannett, nation’s largest newspaper chain: Parent company Gannett's massive debt has exacted a toll on local ...
oregonlive.com/business/2023/05/eugene-register-guard-languishes-under-gannett-nations-largest-newspaper-chain.html
The digital media bubble has burst. Where does the industry go from here?: Buzzfeed, Vice, Gawker and Drudge Report are all traffic-war casualties ...
theguardian.com/media/2023/may/07/the-digital-media-bubble-has-burst-where-does-the-industry-go-from-here
Seven & i Mulling Postponing Sogo & Seibu Sale Again: TOKYO (Jiji Press) — Japanese retailer Seven & i Holdings Co. is considering postponing the sale of ...
japannews.yomiuri.co.jp/business/companies/20230330-100566/
Vice Media close to deal for sale out of bankruptcy: Rescue deal for publisher would wipe out existing shareholders, including James Murdoch
theguardian.com/media/2023/may/05/vice-media-deal-sale-bankruptcy-james-murdoch
Vice Media weighs bankruptcy after laying off staff: Vice is preparing to file for bankruptcy, capping the fall of a industry darling that attracted investment ...
financialpost.com/news/vice-media-weighs-bankruptcy
Sports bubble keeps growing as billionaire Milwaukee Bucks owner reaches deal to sell stake at $3.5 billion valuation, source says
fortune.com/2023/02/27/milwaukee-bucks-owner-marc-lasry-billionaire-25-percent-stake-halsam-3-5-billion-valuation/
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Inside the demise of Vice, now scrambling for a sale as it owes millions: Vice's future will likely be determined in the coming months as shareholders and ...
businessinsider.com/inside-demise-vice-media-disney-sale-bankruptcy-shane-smith-2023-3
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Quick Glance: Inside the demise of Vice, which is now scrambling for a buyer as it owes millions of dollars.
- Dubuc told Insider in 2021 that she had a plan for profitability in 2022, but Vice fell $100 million short of its $700 million revenue target last year.
- "A separate person close to the company said Dubuc was a tough boss but that her message was simple: Vice could expand once goals were met."
- "This is the downside," said a former top Vice President.
- "A separate person familiar with conversations with TPG said the private-equity firm never demanded cash from Vice, though it could have under the terms of their deal."
Vice owes nearly $10 million to IT firm Wipro, court filing alleges: Vice Media, whose CEO, Nancy Dubuc, made a sudden exit in February, is facing legal action ...
businessinsider.com/vice-owes-fti-nearly-1-million-dollars-court-filing-alleges-2023-2
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Why Goldman Sachs alumni are flocking to top hedge funds: The world's top hedge funds, from Millennium to Citadel, are filling their ranks with Goldman Sachs ...
businessinsider.com/goldman-sachs-alumni-being-hired-by-top-hedge-funds-2023-3
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Vice Media restarts sale process at lower valuation, may fetch less than $1 billion
cnbc.com/2023/01/19/vice-media-restarts-sale-process-at-lower-valuation.html
Vice Media CEO Nancy Dubuc to depart: Her departure comes as Vice continues to borrow money while searching for a buyer.
axios.com/2023/02/24/vice-media-nancy-dubuc
HPS gets 22 million - Razor raises 70 million - Confluent buys Immerok (for 100 million) - deutsche-startups.de
deutsche-startups.de/2023/01/09/dealmonitor-hps-razor-immerok/
Intel, VLSI drop Delaware dispute in blockbuster patent fight: VLSI Technology LLC and Intel Corp have agreed to end a patent dispute in Delaware where Intel ...
reuters.com/legal/litigation/intel-vlsi-drop-delaware-dispute-blockbuster-patent-fight-2022-12-27/
Krystal is the latest chain to open a smaller, to-go-only prototype. Krystal’s new restaurant is 1,000 square feet smaller than its traditional restaurants and ... Show more ow.ly/XB8U104ptCk
Intel wants $4 bln VLSI patent lawsuit tossed over ownership disclosure: Intel Corp has asked a federal judge in Delaware to dismiss a $4.1 billion patent ...
reuters.com/legal/litigation/intel-wants-4-bln-vlsi-patent-lawsuit-tossed-over-ownership-disclosure-2022-12-12/
Tampa Bay real estate raked in billions this year. Check out the top sales: One Tampa apartment sold for $236.5 million.
tampabay.com/news/real-estate/2022/12/26/tampa-bay-real-estate-raked-billions-this-year-check-out-top-sales/
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