fortress case study
Fortress Investment
AISHWARYA RATNA PANDEY
NIMA OTAREDIAN
ATEFEH NADERKHANI
Table of Contents
Company profile
Going Public
Structure
Stock Market
Analysis
Aftermath
Company Profile
Fortress Investment Group was founded by
Wesley Edens , Randal Nardone and Robert
Kauffman in 1998. It is a leading global alternative asset fund with approximately
$29.9 billion in assets under management
(AUM) as of March 31, 2007.
They have three core business
Private equity funds
Hedge funds
Publicly traded vehicles- Castles
Castles- $ 3Bn
Hedge fund$9.6Bn
Private equity fund- $ 17.5Bn
STRATEGYStrong Investment Performance
Expand our Investment Products
STRENGTHPresence in world market
Good investment return
Strong investor relation around 650 investors
Why I am going public? Going Public
To access capital markets to raise money for the expansion of operations
To acquire other companies with publicly traded stock as the currency
To attract and retain talented employees
To diversify and reduce investor holdings
To provide liquidity for shareholders
To enhance the company’s reputation
Increase in earning in 2007 from 2006 around 65.7%
(Third quarter)
83% growth of company earning compare to 2006.
Company growth rate was more than 50% pace year over year. Structure
Principals hold 100% of the Class B shares, combined voting power but no economic interest LLC.
Class A share will have 100% economic interest .
Estimated offering price is
$18.50/share
Class A share Class B share Voting rights
Nomura
55,071,450
(61.6%)
--
13.7%
Share offered 34,286,000
(38.4%)
---
8.6%
Principal owner ---
312,071,550
77.7%
Choosing a stock market
Earnings history, shareholders’ equity, market capitalization, number of expected shareholders, and corporate governance. A company seeking to go public must choose
AISHWARYA RATNA PANDEY
NIMA OTAREDIAN
ATEFEH NADERKHANI
Table of Contents
Company profile
Going Public
Structure
Stock Market
Analysis
Aftermath
Company Profile
Fortress Investment Group was founded by
Wesley Edens , Randal Nardone and Robert
Kauffman in 1998. It is a leading global alternative asset fund with approximately
$29.9 billion in assets under management
(AUM) as of March 31, 2007.
They have three core business
Private equity funds
Hedge funds
Publicly traded vehicles- Castles
Castles- $ 3Bn
Hedge fund$9.6Bn
Private equity fund- $ 17.5Bn
STRATEGYStrong Investment Performance
Expand our Investment Products
STRENGTHPresence in world market
Good investment return
Strong investor relation around 650 investors
Why I am going public? Going Public
To access capital markets to raise money for the expansion of operations
To acquire other companies with publicly traded stock as the currency
To attract and retain talented employees
To diversify and reduce investor holdings
To provide liquidity for shareholders
To enhance the company’s reputation
Increase in earning in 2007 from 2006 around 65.7%
(Third quarter)
83% growth of company earning compare to 2006.
Company growth rate was more than 50% pace year over year. Structure
Principals hold 100% of the Class B shares, combined voting power but no economic interest LLC.
Class A share will have 100% economic interest .
Estimated offering price is
$18.50/share
Class A share Class B share Voting rights
Nomura
55,071,450
(61.6%)
--
13.7%
Share offered 34,286,000
(38.4%)
---
8.6%
Principal owner ---
312,071,550
77.7%
Choosing a stock market
Earnings history, shareholders’ equity, market capitalization, number of expected shareholders, and corporate governance. A company seeking to go public must choose