Softbank Acquires Fortress Investment Group

Softbank Group Corp acquired Fortress Investment Group LLC for $3.3billion in December 2017. The close of the deal meant that SBG and its subsidiaries became the owners of Fortress Shares. The deal was sealed after all the parties satisfied all the conditions that included transaction approval by Fortress Shareholders. By 12 of July 2017, the two companies had received the necessary regulatory approvals.

Following the acquisition, each of the Fortress Class A outstanding shares was converted into rights. Each right was entitled to earn cash $8.08/share. In the deal, it was agreed that the merger proceeds were to be distributed to the shareholders in accordance with the payment guidelines outlined in the incorporated merger agreement and Fortress’s Definitive Proxy which was dated June 7, 2017. It is now three months after the acquisition and Fortress Common Stock have been delisted from the NYSE. It means that this year’s Fortress financial results will be reflected in SBG’s financial records.

It is expected that Fortress will operate as an independent business but within Softbank. It will still be based in New York and its principals Wes Edens, Peter Briger and Randy Nardone are expected to continue providing leadership. Softbank has committed itself to maintain Fortress leadership, its processes, business model, culture and its personnel which have all supported Fortress Success.

About the Company

Before its sale, Fortress Investment Group LLC was a highly diversified firm with assets worth $36.1 billion. It was founded in 1998 and manages assets for about 1,750 institutional clients and other investors worldwide. The assets it manages ranges from real estates, equity investment to permanent capital. Fortress Investment has served as a global investment giant in the world for over 19 years and is a parent company for New Residential Investment that buys mortgage servicing rights. Earlier in 2017, the company bought CitMortgage’s servicing rights. Fortress owns substantial shares in National Mortgage which is now referred to as Cooper. It also owns over 70% of Nationstar

Following the acquisition, SoftBank now owns Fortress and has taken over its interests in their institutions. This is one of the major moves of the Japanese company in the U.S. economy. It should be remembered that Softbank has continued to increase its investment in the New York City. It has already invested over $450 million In Compass, another real estate company that is headquartered in the New York City. Also, Softbank contributed to the funding of SoFi one of the leading lending startup in San Francisco.

Employee’s Thoughts

According to one of the anonymous employees who has worked at Fortress for over 8 years, the company is run by smart and thoughtful managers. It operates in a fast-paced environment and its employees are well enumerated. Unfortunately, the company subjects most of the employees to many hours of work and operates in a high stress environment. Another employee who claimed to have worked for the company for more than a year claimed that the company has friendly people but its upward promotion path is quite unclear.

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Kamil Idris Poses Threat of WWIII in JASTA

In a recent book by Kamil Idsris, the former director of WIPO and president of ICAM, says there is an underlying threat in the recently passed bill by Congress called JASTA. The Justice Against Sponsors of Terrorism Act was passed in 2016. JASTA is a bill passed by Congress that would ensure that terrorist, wherever they crop their heads up in defiance of the civil laws of the United States would never have the chance to repeat what happened on 9/11; in other words, any citizen, coming to a true like to terrorism, could in effect sue that country.

However, Professor Idris makes an argument in his latest book “JASTA” and a third world war, that one of the core principles in which international law is predicated is that a country is immune from lawsuits within the courts of another country. Professor Idris poses an intelligent question to the problem set forth in JASTA. If a country is foreign to lawsuits in another countries courts how can the lawsuit of an individual stand against another country in the same country’s court. Professor Idris calls to the attention of his readers the possibility of a realignment of countries that may lead to the United States being the target of the very terrorist attacks it seeks to avoid. Professor Idris has worked with numerous world leaders to avoid international crisis like Fidel Castro, Yasser Arafat, Bill Clinton and others. He argues in his book that there is a growing sense of worry and concern about JASTA and how especially its effect upon the erosion of “sovereign immunity,” while other international leaders say it is an indication that international law is under violation. Lastly, Professor Kamil Idris questions whether the passing of JASTA may also bring US under attack in his recent book, calling to mind that a countries “pressure to protect from independent legal legal claims,” which brings its “sovereignty” under attack, could lead to unpredictable outcomes by other nations towards the US.

Professor Kamil Idris now lives with his family in Durham, England.

Read Kamil Idris’s own words on the topic:

http://www.ie-forum.nl/artikelen/a-message-from-director-general-kamil-idris

 

Randal Nardone Co-Founded Fortress Investment Group

Randal Nardone co-founded Fortress Investment Group with the idea of helping other people. He knew how to provide others with a chance at a better future. He also knew there were things he could do to make a difference for people who were working on their own. As long as Randal Nardone felt confident in the opportunities he had for success, he felt Fortress Investment Group was doing exactly what it needed to do. The company thrived because of how he set it up, but he still remained active with the business. He wanted to make sure people understood how hard he was working to make the company successful.As long as Randal Nardone could be a big part of the business, he felt it was his job to always give them what they needed. He also felt there were things he’d need to do if he could change the course of the business.

Out of everything Randal Nardone set up for Fortress Investment Group, he felt confident in the skills he had. He also felt there were things the company could do that would make a huge difference for the people who used the company. Clients would benefit from all the work Randal Nardone did for Fortress Investment Group.The company got bigger and they worked to give people the chances they needed to be successful. Randal Nardone always remained supportive of the things that were going on with the business. He also made a choice to give attention where others needed it.

If he planned to help people with the options they had, he felt he needed to show them that things would always get better. He also felt the importance of the business so people didn’t worry about what was going on in their own opportunities.Depending on the hard work others put into the business, Randal Nardone felt it was his job to always give them what they wanted. When Softbank started asking about acquisition opportunities, Randal Nardone jumped on it. He wanted them to acquire Fortress Investment Group because it would mean more opportunities for them. He also wanted them to try things on their own so they didn’t have to deal with all the pressure that comes from running a business on their own. Having a parent company meant they’d get the support they needed to help them grow and get better on their own. It was his way of allowing people to try things on their own.

Source of the article : http://www.4-traders.com/business-leaders/Randal-Alan-Nardone-0031P8-E/biography/

OSI Group Supplies Quality and Custom Branded Products Globally

OSI Group, a premier meat supplier worldwide exemplifies quality and expertise in their products while utilizing the best state of the art facilities. OSI modestly began as Otto & Sons in 1909. The small meat market was created by German immigrant Otto Kolschowsky in Oak Park Illinois. Even as a small storefront, the entrepreneur was known for his service and quality meats. In 1955, the McDonald’s Corporation just launched into a quick pick-up style restaurant business, what we know of today as the fast-food market. Otto & Son’s ground beef meat patties would serve as the perfect product for the up and coming restaurant. Ray Kroc, Founder and Chief Executive Officer of McDonald’s became the family startups biggest customer. Eventually, McDonald’s utilized Otto & Sons as their exclusive meat supplier. In 1973, Otto and Sons obtained their first meat processing facility in West Chicago. The facility was enhanced with meat forming patty machines and cryogenic food processing technology which allowed their meat to become preserved without losing its freshness. Otto & Sons obtained more visibility through licensing and branding partnerships with major processing contender, Best Chicago Meat Co., LLC. The humble meat market began to propel from there, changing its name in 1975 to OSI Industries, then becoming the OSI Group as of 2004. OSI Group has established over 60 processing facilities worldwide. The brilliant disruptor has been recognized as number 58 out on the Forbes list of largest privatized companies in the US, valued at $6.1 billion. The outfit has expanded their footprint abroad by acquiring Flagship Europe-a supplier of frozen poultry, sous vide, pies, and select condiments to the UK. This tactic strengthens OSI Group’s position in the industry by enabling them to promote in and touch other sectors that were once before off-limits to the group. Aurora Illinois food processor, OSI Group, delivers quality and custom branded products to restaurant markets and food retailers across the globe.

About OSI Industries: www.crunchbase.com/person/david-mcdonald-7

Women who are in music-Desiree Perez

Desiree Perez is the Chief Operations Officer of the Roc Nation. Desiree Perez is a close friend of the famous Jay Z for about 20 years now. Perez also referred ton as Des Perez has an outstanding experience in controlling the SC Enterprises. Her incredibility came to be evident by the manner in which she crunches numbers, the way she negotiates and her exceptional history. Perez widely participated in the Rihanna Samsung contract. She was also on the negotiation team for the Beyoncé Formation arena. Perez controls all the undertakings of the Roc Nation, and she is part of its Collective. The operations that Perez runs in the Roc Nation includes classification operations, publishing and its units of management, and Desiree Perez’s Twitter.

Women In Music list comprise of the present best influencers, tastemakers, and dealmakers. Desiree Perez can’t be left out in such a list of women. Perez is famously known as a notorious and tough negotiator. She proved her toughness in the deal with Sprint’s $200 million venture in TIDAL whose publicization was in January. Five months after, the contract rewarded off. The payment was in the form of a Sprint patronage for an open download to one million persons for the Jay z track. The sponsorship helped the MC a platinum label before the album’s formal release. Since then, the deal has racked up 600000 equal album pieces and also functioned as the top attraction of a remarkable promotion drive. Recently, Live Nation, which is a parity associate in Roc Nation signed a new and lasting touring collaboration worth $200 million with Jay z. The contract was signed upfront of Roc Nation’s 10-year ceremony in 2018. The gross income from Jay-z’s present 4:44 Tour that is funded by Puma is twenty-one percent greater than the twenty thirteen Magna Carter Tour in average, and more information click here.

Other Reference: https://gazetteday.com/2018/01/behind-curtains-roc-nations-desiree-perez-empowering-women-entertainment-industry/

The Importance of Independence to Entrepreneurs Like Jose Hawilla

If there is one thing that is the most important factor to an entrepreneur, it is independence. Independence is one of the biggest reasons for becoming an entrepreneur. For one thing, entrepreneurs often face something that opens their eyes. When they find out that they have been living at the mercy of their jobs, they start looking for ways to fight that. This is one of the reasons that they become entrepreneurs. When they become entrepreneurs, they are able to decide on the type of work that they are going to do. They get to choose their hours and how they are going to earn. For more details visit angel.co.

One of the people who have become independent is Jose Hawilla. One thing that makes him so independent is that he has started his business with the right ideas. His business has become a success. Therefore, he is able to enjoy the benefits of being an entrepreneur. One thing that motivates him is the fact that he is able to work anytime he chooses as opposed to having to work for the other person. This means that he will always have his job and not have to worry about looking for something else to make income. Check out Medium to see more.

One thing that comes with independence is relaxation. This type of relaxation comes that when one is doing business as an entrepreneur, he is working for multiple people as opposed to one person. Therefore, Jose does not have to worry too much about losing his work if he loses one person. However, he does have to make sure that he is doing right by people so that Jose will be able to keep making money. Another thing to consider is that when someone is not satisfied, word can travel at a fast rate. This is one of the reasons that it is important to make sure the service or products are top-notch.

Read more: https://www.crunchbase.com/person/jose-hawilla

Life of Doctor Rod Rohrich

Dr. Rod Rohrich is a medical practitioner who is based in Dallas. He is an expert in plastic surgery which has made him to have the topmost position in this department at different learning institutions such as the University of Texas. Dr. Rod performs surgeries at hospitals owned by universities and the Dallas Plastic Surgery Institute. He finished his academics at the tertiary level and became a physician certified by the American Board of Plastic Surgery. For more than twenty years, Dr. Rohrich has been in the medical industry, and he has made improvements that have saved lives in the community. He designed a technology that gave rise to the emerging of a new breast implant model which has been a great help to plastic surgeons across the globe.

Dr. Rod is a famous author who has published numerous writings giving detailed information on the areas of plastic surgery. He has been for more than once noted as one of the most successful doctors in Dallas from 2000 because of his passion for making a difference in the society. Dr. Rod has been part of symposiums that educate people from around the world on matters of both aesthetic and plastic surgery. During the symposiums, exchange of ideas on innovations that can help improve all the areas of plastic surgery such as cosmetic surgery.

Dr. Rod is one of the major sponsors in various charitable organizations which is a way of him giving back to the society. He and his wife joined forces and invested in the Dallas for Children Foundation. Dr. Rohrich established a health unit known as East Dallas Mobile which has enough resources to provide infants from a poor background with immunization drugs. In his own foundation which is known as Rod J. Rohrich, he has set aside capital to give a scholarship to one medical student annually to facilitate one to practice surgery in North Dakota State. He has joined missions to go to the developing countries where he treats the sick and takes relief aid after natural disasters such as earthquakes. He has organized charity events that have raised money to reduce the cost of plastic surgeries on the less privileged.

https://www.crunchbase.com/person/dr-rod-rohrich

Jason Hope Advocates for the Internet of Things

The entrepreneurial world is always shifting toward newer and brighter futures. For Jason Hope, a futurist and technologist, his mission is to always be ahead of the rest of the pack in getting to the concepts before everyone else. Hope’s success as an entrepreneur in the world of mobile communications, specifically with the company JAWA, has given him both clout and the experience necessary to identify big changes coming in the future. For that reason, when Hope started touting something known as the Internet of Things, it would only make sense that the rest of the tech world would pay attention. So, what is this Internet of Things? Why has Jason Hope spent so much time touting it? Let’s dig in and find out.

The Internet of Things, if Hope is correct, will be the next great global industry within the technological field. Over the past two decades, we have seen an increased focus on the role of smart technology in our day to day lives. From the conversations surrounding self-driving cars to the continued advancements in handheld mobile technology, the world is fundamentally changing from a technological aspect. Hope believes, and he is echoed by many other industry specialists, that smart technology is eventually going to become all-encompassing to such a degree that our life becomes almost automated in many respects. This is the Internet of Things.

Imagine a world where all of our day-to-day objects can seamlessly connect with one another. Police are able to get from point a to point b faster and more efficiently thanks to constantly updating smart maps and GPS trackers. Public transportation is suddenly reliable on a city-wide level. Changes like this, Jason Hope believes, are coming whether we can believe it or not. That is why Hope is urging so many people to get involved with the Internet of Things now, before the industry hits its next level and becomes completely saturated.

Jason Hope was born in Arizona and he was raised in Tempe. Hope would go on to attend Arizona State University where he would get his degree in Finance before moving on to the W.P. Carey School of Business. Hope would begin working almost immediately after graduation and he hasn’t stopped since then. Hope’s new focus on the IoT should have entrepreneurs around the world ready to leap in and get involved with the action.

Read More: www.linkedin.com/in/jasonrhope

Lime Crime Once Again Highlights Freedom Of Expression With Its New Line Of Polly Pockets Palettes

The image of creative expression continues to be associated with the cosmetics offered by Lime Crime. In keeping with their fun and fanciful view, this company recently launched a colorful line of palettes that have a playfully nostalgic appearance. The name of the new line of colorful palettes is Polly Pockets. The cases for these shades are made in an easy to carry square shape with a snap front closure. Each molded plastic case features a whimsical bow and comes in an eye-catching color, which includes a vivid yellow and a bright sky blue. Not only are these new cases easy to hold, they are also designed to fit easily inside any ordinary pocket as well as most handbags.

Founded by fashion-forward entrepreneur Doe Deere, Lime Crime has always been a forerunner in the beauty industry for the array of shades it offers. This practice can be seen in the selection of shades available in the company’s new line of Polly Pockets. Each case holds five different shades created to compliment each other in new and unique ways. These shades range from earth tones such as soft taupe to brighter colors such as radiant rose. These unique combinations can be used to create a variety of looks by using them on either the upper or lower lids of the eyes. As seen in the photos fans have displayed online, the looks created from the new line of Polly Pockets Palettes range from soft and sultry to playful.

Each palette carries a name designed to reflect the shades contained within. The Pink Lemonade palette comes with five warm colors, which includes a sunny pink and soft cream. The Sugar Plum palette has a combination of both warm and cool shades, which includes a dazzling peach and vibrant rose. The Bubblegum palette offers five pastel shades, including a light sky blue and an intriguing purple. As with all of the products available from Lime Crime, Doe Deere takes a personal interest in the new line of palette colors by showcasing her own unique style in an online photo where she expresses herself with colors from the Bubblegum palette.

Ara Chackerian: An Investor in the Health Industry

The transcranial magnetic stimulation, or TMS for short, is a recent technology that was developed to combat psychological disorders. The treatment is being used as a treatment for those who are suffering from resistant depression, and the treatment has great potential after several studies have confirmed its effectivity. Ara Chackerian is one of those who found the potential for the TMS to become a global phenomenon, and together with his business partner, they founded the TMS Health Solutions which would use the treatment as their primary product. He serves as the current board member of the healthcare firm. Ara is also serving as the managing partner for other healthcare companies. Ara Chackerian is also doing great as an investor and a philanthropist.

Before he co-founded the TMS Health Solutions, Ara Chackerian is already an active entrepreneur and investor. He already acquired several years of experience in doing business, and the interest in investing in health-related companies came after his friend told him that they have the highest potential for returns. He is convinced by what his friend had told him, partly because he is responsible for the creation of several healthcare companies and he saw how they flourished. When he co-founded the TMS Health Solutions, several health care companies located near San Francisco has also invited him to serve as either the managing partner or a board member. You can visit pipelinerx.com

According to Ara Chackerian, the TMS treatment will help a lot of people who are suffering from depression. The United States is one of the countries with high depression rates, and most often, these people who are suffering from depression tend to kill themselves. With the TMS treatment now a reality, Ara Chackerian hopes that people who are depressed can be treated. He is also encouraging psychologists and psychiatrists around the country to work with his healthcare firm and see how the TMS treatment would treat the patients with depression. Chackerian is positive that the company he co-founded will reach new heights, as scientific journals are now confirming the effectivity of TMS treatment, and how it can help people with depression. Check out flickr

Reference: https://www.slideshare.net/BradHummel3/tms-health-solutions-introduction