BNET Industries
Fortress Investment Group LLC (FIG) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $1.2B
- Profit
- Dec 31 2007
- ($59.8M)
- Market Cap
- Jul 22 2008
- $1.0B
Latest News and Analysis
Fortress Mortgage Fund Down About 30 Percent: WSJ
NEW YORK (Reuters) - A Fortress Investment Group LLC FIG fund, the Fortress Mortgage Opportunities Fund, is down about 30 percent three months after the firm raised funds for it, the Wall Street Journal reported on its website on Sunday. Fortress raised $560...
Penn National Says Takeover Deal Terminated
By Jessica Hall and Mark McSherry PHILADELPHIA/NEW YORK (Reuters) - Casino and racetrack operator Penn National Gaming Inc PENN said on Thursday its $6.1 billion takeover pact has been terminated, marking the latest leveraged buyout to crumble amid the tight credit ...
2008 Second Quarter in Review
Mark Hines submits: Well. That wasn't pleasant. The market (as measured by the S&P500) extended its losses for the year, down about 3% for Q208. We are now at 1280 in the S&P500, roughly the same level as January 2006. A 10,000 foot view of the market isn't encouraging......with the...
A Look at Private Equity in Public Hands
Michael Steinberg submits: Apollo AINV, BlackRock BLK, Blackstone BX, and Fortress FIG are commonly thought of as the retail investor’s entry into the big league of private equity and alternative investments. Sorting through these Moon missions, rocks, stones and castles can be quite confusing. None of their publicly traded stocks...
Fortress Investment Group Q4 2007 Earnings Call Transcript
Fortress Investment Group Q4 2007 Earnings Call Transcript
Fortress Investment Group Q3 2007 Earnings Call Transcript
Fortress Investment Group Q3 2007 Earnings Call Transcript
Fortress Investment Group Q2 2007 Earnings Call Transcript
Fortress Investment Group Q2 2007 Earnings Call Transcript
Fortress Investment Group Q1 2007 Earnings Call Transcript
Fortress Investment Group Q1 2007 Earnings Call Transcript
Additional Resources
Next Wave of Bankruptcies Fuels Distressed Deals Beyond 2008, More at iiBIG's September Distressed & Turnaround Investment Forum
Following the success of the September 2007West forum, iiBIG's Distressed Series returns this Fall for the 2nd AnnualDistressed & Turnaround Investment Forum, scheduled for September 22-23,2008, in Las Vegas. Complete agenda details can be found at http://www.iibig.com/F0803 . With credit markets in turmoil and a rising number of business bankruptcies--...
Buffets Holdings, Inc. Subsidiaries Seek Court Authorization to Reject Master Lease for 129 Restaurants
EAGAN, Minn. -- Buffets Holdings, Inc., ("the Company") announced today that several of its subsidiaries have filed a motion with the U.S. Bankruptcy Court for the District of Delaware seeking authorization to reject a master land and building lease for 129 of the Company's restaurants. The motion also seeks court...
RailAmerica and Florida East Coast Railway Announce Regional Vice Presidents
JACKSONVILLE, Fla., July 7 /PRNewswire/ -- RailAmerica, Inc. RA, one of the nation's leading short-line and regional railroad operators, and Florida East Coast Railway FEC, a regional freight railroad operating along the east coast of Florida, announced six regional vice presidents who will be responsible for leading the overall...
Penn National sale derailed by credit crunch
The $6.1 billion purchase of casino and racetrack operator Penn National Gaming Inc. by two private-equity firms is off, the latest in $65 billion worth of such buyouts to founder on credit-market turmoil since September. The termination, announced yesterday, comes as the gambling industry is under pressure from consumer-spending cutbacks...
Penn National Gaming folds on private equity deal
NEW YORK AFP — Casino and race track operator Penn National Gaming said Thursday it had scrapped plans for an 8.9-billion-dollar takeover from private equity investors after failing to negotiate a lower sales price. The parties struck a deal in which Penn National will receive 1.475 billion dollars...
RailAmerica and Florida East Coast Railway Announce Senior Executive Team
JACKSONVILLE, Fla., July 2 /PRNewswire/ -- RailAmerica, Inc. RA, one of the nation's leading short-line and regional railroad operators, and Florida East Coast Railway FEC, a regional freight railroad operating along the east coast of Florida, announced the senior executive team that will be responsible for leading the combined...
Penn National Gaming purchase still unsettled
As uncertainty mounts over the pending $6.1 billion deal by two private-equity firms to acquire Penn National Gaming Inc., at least one Wall Street firm has moved to suspend its investment rating of the gambling company's stock. Susquehanna Financial Group L.L.P. issued a statement yesterday that it was taking the...
Fortress Announces its Second Quarter Dividend of $0.225 Per Share
NEW YORK, June 25 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC announced today that its Board of Directors has declared a second quarter cash dividend of $0.225 per Class A share for the quarter ending June 30, 2008. The dividend is payable on July 11, 2008 to holders...
DineEquity, Inc. Completes Sale-Leaseback of 181 Applebee's-Owned Restaurant Locations, Enables $303 Million Reduction in the Company's Funded Debt
DineEquity, Inc. (NYSE: DIN), franchisor andoperator of Applebee's and IHOP restaurants, today announced the completionof a sale-leaseback transaction for 181 Applebee's company-owned restaurantlocations with an entity majority owned by affiliates of Drawbridge SpecialOpportunities Fund LP, Drawbridge Real Assets Fund LP and Cardinal CapitalPartners. Drawbridge funds are affiliates of Fortress...
Moneris Solutions Appoints New Chief Financial Officer, Samir Zabaneh, to Executive Team
Jim Baumgartner, President and CEO, Moneris Solutions, is pleased to announce the appointment of Samir Zabaneh as Moneris Solutions' new Chief Financial Officer. "Samir Zabaneh is a seasoned, well-rounded leader and we are delighted to have him join our team at Moneris ," says Jim Baumgartner, President and CEO, Moneris...
Penn National Gaming Extends Merger End Date
WYOMISSING, Pa. -- Penn National Gaming, Inc. (PENN: Nasdaq) (the "Company") announced today that it has, in accordance with the terms of the merger agreement providing for the acquisition of the Company by PNG Acquisition Company Inc. ("Parent"), an entity indirectly owned by certain funds managed by affiliates of Fortress...
IHOP inks $347m sale-lease deal for Applebee's
GLENDALE, CALIF. -- IHOP Corp. will sell and leaseback the properties of 187 corporate Applebee's units to garner proceeds of $347 million before taxes, the company said. The total price reflects an average location value of $1.86 million. IHOP will use the proceeds to pay down debt, it...
- Next »
- page 1 of 11
- « Previous
Sort byClose
View Related Content by Tag Close
- Incorporated: 2006
- CEO: Mr. Wesley R. Edens
Fortress is a global alternative asset management firm. Co.'s primary business is to sponsor the formation of, and provide investment management services for, various investment funds and companies (the ??Fortress Funds''). Co. generally makes principal investments in these funds, which typically range from less than 1% to approximately 5% of the equity of the entitie. Co. has three principal sources of income from the Fortress Funds: management fees, related incentive returns or income, and investment income on its principal investments in the funds.
Key Competitors
Fortress Investment Group LLC Company Info
Board of Directors
Mr. Wesley R. Edens
Chairman
Mr. Daniel H. Mudd
Mr. Howard Rubin
Mr. Michael E. Novogratz
Mr. Peter L. Briger Jr.
Mr. Richard N. Haass
Mr. Fredric B. Garonzik
Dr. Robert I. Kauffman
Mr. Douglas L. Jacobs
Mr. Takumi Shibata
Mr. Randal A. Nardone
Contact Information
1345 Avenue of the Americas
New York, NY
212 798-6100
NAICS Code
Investment Advice: 523930Brought to you by IBMSponsored Resources
